Police & Firemen s Retirement System of New Jersey Acquires 26,113 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Police & Firemen s Retirement System of New Jersey lifted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,473 shares of the company’s stock after purchasing an additional 26,113 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in CCC Intelligent Solutions were worth $1,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CCCS. Victory Capital Management Inc. grew its holdings in CCC Intelligent Solutions by 39.8% during the first quarter. Victory Capital Management Inc. now owns 72,671 shares of the company’s stock valued at $656,000 after purchasing an additional 20,686 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of CCC Intelligent Solutions during the 1st quarter valued at approximately $300,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in CCC Intelligent Solutions in the 1st quarter worth approximately $3,107,000. KLP Kapitalforvaltning AS raised its stake in CCC Intelligent Solutions by 6.8% during the 1st quarter. KLP Kapitalforvaltning AS now owns 90,700 shares of the company’s stock worth $819,000 after acquiring an additional 5,800 shares during the period. Finally, Machina Capital S.A.S. purchased a new position in CCC Intelligent Solutions during the first quarter valued at approximately $98,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total value of $1,438,500.00. Following the completion of the transaction, the insider directly owned 157,478 shares of the company’s stock, valued at approximately $1,510,214.02. This trade represents a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Trading Up 2.4%

Shares of CCC Intelligent Solutions stock opened at $7.19 on Thursday. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $8.84 and a 200-day moving average price of $9.21. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 359.68 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CCCS shares. Stifel Nicolaus reduced their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Barclays lowered their price objective on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler cut their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.38.

CCC Intelligent Solutions Profile

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.