CCC Intelligent Solutions Holdings Inc. $CCCS Shares Purchased by Akre Capital Management LLC

Key Points

• Akre Capital Management LLC increased its stake in CCC Intelligent Solutions by 23.5%, acquiring an additional 2,508,986 shares during the first quarter, now holding a total of 13,190,384 shares.
• Institutional investors control about 95.79% of CCC Intelligent Solutions' stock, with significant recent increases in holdings by firms like Price T Rowe Associates and Vanguard Group.
• Analyst ratings for CCC Intelligent Solutions vary, with a consensus average rating of "Hold" and average price target of $12.21, despite differing opinions on its buy and sell potential.

Akre Capital Management LLC raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 23.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,190,384 shares of the company's stock after acquiring an additional 2,508,986 shares during the period. CCC Intelligent Solutions accounts for about 1.1% of Akre Capital Management LLC's holdings, making the stock its 12th biggest position. Akre Capital Management LLC owned 2.00% of CCC Intelligent Solutions worth $119,109,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CCCS. Price T Rowe Associates Inc. MD raised its holdings in CCC Intelligent Solutions by 4,172.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock valued at $115,394,000 after acquiring an additional 9,607,085 shares during the last quarter. Vanguard Group Inc. raised its holdings in CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after acquiring an additional 5,103,835 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in CCC Intelligent Solutions in the 4th quarter valued at $58,080,000. Brown Advisory Inc. raised its holdings in CCC Intelligent Solutions by 30.7% in the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of CCC Intelligent Solutions by 6.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after buying an additional 4,060,284 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCCS. Barclays upped their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. The Goldman Sachs Group dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Piper Sandler restated a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective for the company. in a report on Monday, June 23rd. Four 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.21.

Insider Activity at CCC Intelligent Solutions

In other news, Director Eric Wei sold 30,000,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the transaction, the director owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the 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 transaction, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,005,302 shares of company stock worth $592,251,748. 6.03% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Stock Up 0.7%

NYSE:CCCS traded up $0.07 on Tuesday, reaching $9.79. The stock had a trading volume of 5,084,858 shares, compared to its average volume of 7,585,676. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $9.55 and a 200 day moving average of $9.41. The stock has a market cap of $6.38 billion, a P/E ratio of 489.74 and a beta of 0.74. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $260.45 million for the quarter, compared to analysts' expectations of $256.21 million. During the same quarter last year, the company posted $0.09 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

CCC Intelligent Solutions Company 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.