Norris Perne & French LLP MI Buys 22,456 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Norris Perne & French LLP MI lifted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 5.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 439,871 shares of the company’s stock after buying an additional 22,456 shares during the quarter. Norris Perne & French LLP MI’s holdings in CCC Intelligent Solutions were worth $4,139,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CCCS. Banque Cantonale Vaudoise bought a new position in shares of CCC Intelligent Solutions in the first quarter valued at about $37,000. AlphaQuest LLC bought a new position in shares of CCC Intelligent Solutions in the first quarter valued at about $47,000. SVB Wealth LLC bought a new position in shares of CCC Intelligent Solutions in the first quarter valued at about $60,000. Advisors Asset Management Inc. raised its holdings in shares of CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock valued at $60,000 after buying an additional 1,898 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of CCC Intelligent Solutions by 28.4% in the first quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company’s stock valued at $83,000 after buying an additional 2,063 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays lifted their price target on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research report on Monday, June 23rd. Finally, Piper Sandler reaffirmed a “hold” rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.75.

Insider Buying and Selling

In other news, Director Lauren Young sold 30,000,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the completion of the transaction, the director directly owned 866,345 shares in the company, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Rodney Christo sold 5,302 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Insiders have sold a total of 60,197,833 shares of company stock valued at $594,106,626 over the last 90 days. 6.03% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Stock Up 1.2%

Shares of NYSE CCCS opened at $9.31 on Monday. The firm has a market capitalization of $6.06 billion, a PE ratio of 465.73 and a beta of 0.74. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The firm’s 50-day moving average is $9.70 and its 200-day moving average is $9.29.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.