Nuveen LLC Invests $9.65 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Nuveen LLC acquired 1,068,289 shares of CCC Intelligent Solutions Holdings Inc., valued at approximately $9.65 million, representing 0.16% of the company as of its latest SEC filing.
• Recent analyst reports show varying outlooks on CCC Intelligent Solutions, with Barrington Research maintaining an "outperform" rating at a $14 price target, while Goldman Sachs decreased their target from $13 to $11.50.
• Insider sales were significant, with Directors Eric Wei and Lauren Young both selling 30 million shares each at $9.87, totaling nearly $296.1 million in sales and reducing their stock holdings by 97.19%.

Nuveen LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,068,289 shares of the company's stock, valued at approximately $9,647,000. Nuveen LLC owned 0.16% of CCC Intelligent Solutions at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in CCC Intelligent Solutions during the fourth quarter valued at approximately $36,000. Banque Cantonale Vaudoise bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $37,000. Machina Capital S.A.S. bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $98,000. Valeo Financial Advisors LLC bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $100,000. Finally, Argent Trust Co bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $109,000. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Stock Up 1.4%

Shares of NYSE:CCCS traded up $0.14 during midday trading on Thursday, reaching $9.97. The company's stock had a trading volume of 2,214,387 shares, compared to its average volume of 7,489,263. The firm has a 50 day moving average of $9.66 and a 200-day moving average of $9.38. The firm has a market capitalization of $6.49 billion, a P/E ratio of 498.50 and a beta of 0.74. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CCCS shares. Barclays boosted their price objective on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Piper Sandler restated a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. The Goldman Sachs Group lowered their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a report on Monday, June 23rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, CCC Intelligent Solutions has a consensus rating of "Hold" and a consensus target price of $11.75.

Insider Buying and Selling

In related news, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the company'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 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 disclosure for this sale can be found here. Insiders have sold a total of 60,005,302 shares of company stock worth $592,251,748 in the last quarter. Corporate insiders own 6.03% of the company's stock.

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.