Akre Capital Management LLC Acquires 2,508,986 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

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 stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 23.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,190,384 shares of the company's stock after buying an additional 2,508,986 shares during the quarter. CCC Intelligent Solutions accounts for about 1.1% of Akre Capital Management LLC's portfolio, making the stock its 12th largest position. Akre Capital Management LLC owned approximately 2.00% of CCC Intelligent Solutions worth $119,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its stake in CCC Intelligent Solutions by 6.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock valued at $807,807,000 after buying an additional 4,060,284 shares during the period. Vanguard Group Inc. lifted its stake in CCC Intelligent Solutions by 9.9% in the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after buying an additional 5,103,835 shares during the period. Principal Financial Group Inc. lifted its stake in CCC Intelligent Solutions by 1.4% in the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock valued at $246,551,000 after buying an additional 363,944 shares during the period. Brown Advisory Inc. raised its position in shares of CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock worth $165,672,000 after purchasing an additional 4,313,296 shares during the period. Finally, Conestoga Capital Advisors LLC raised its position in shares of CCC Intelligent Solutions by 1.5% during the first quarter. Conestoga Capital Advisors LLC now owns 12,439,365 shares of the company's stock worth $112,327,000 after purchasing an additional 178,330 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the transaction, the director directly owned 866,345 shares of the company's stock, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Crescenzo Neil E. De acquired 100,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $8.54 per share, with a total value of $854,000.00. Following the completion of the acquisition, the director directly owned 213,429 shares in the company, valued at approximately $1,822,683.66. This represents a 88.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 60,005,302 shares of company stock valued at $592,251,748 over the last 90 days. 6.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CCCS shares. Barclays raised their price target on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research report on Monday, June 23rd. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Piper Sandler reiterated a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Finally, 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 on the stock in a report on Wednesday, May 7th. Three equities 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Price Performance

NYSE CCCS traded down $0.0250 during midday trading on Thursday, hitting $9.7850. The company had a trading volume of 2,747,127 shares, compared to its average volume of 7,540,526. The company has a market capitalization of $6.37 billion, a PE ratio of 489.49 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. The firm has a 50-day moving average price of $9.58 and a 200-day moving average price of $9.42. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $260.45 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal 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.