Ameriprise Financial Inc. Buys 4,178,165 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Ameriprise Financial Inc. significantly increased its stake in CCC Intelligent Solutions by 423.4%, acquiring a total of 5,164,996 shares worth approximately $46.64 million.
• Two directors sold a combined 60 million shares of CCC Intelligent Solutions, each reporting over a 97% decrease in their respective ownership positions.
• CCC Intelligent Solutions reported a 12% revenue increase year-over-year, with a quarterly revenue of $260.45 million and an EPS of $0.09, surpassing analyst expectations.

Ameriprise Financial Inc. raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 423.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,164,996 shares of the company's stock after purchasing an additional 4,178,165 shares during the quarter. Ameriprise Financial Inc. owned 0.78% of CCC Intelligent Solutions worth $46,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCCS. NewEdge Advisors LLC increased its position in shares of CCC Intelligent Solutions by 23.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,945 shares of the company's stock worth $304,000 after acquiring an additional 4,872 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CCC Intelligent Solutions by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,461,972 shares of the company's stock worth $75,801,000 after purchasing an additional 679,801 shares in the last quarter. Stifel Financial Corp increased its holdings in CCC Intelligent Solutions by 41.4% during the 4th quarter. Stifel Financial Corp now owns 229,212 shares of the company's stock worth $2,689,000 after purchasing an additional 67,136 shares in the last quarter. MGO One Seven LLC bought a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $145,000. Finally, Two Sigma Securities LLC bought a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $139,000. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CCCS. Piper Sandler reiterated a "hold" rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. JPMorgan Chase & Co. downgraded 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. The Goldman Sachs Group reduced their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, Barclays upped 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 research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CCC Intelligent Solutions currently has an average rating of "Hold" and an average target price of $11.75.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Lauren Young 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 completion of the transaction, the director owned 866,345 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Also, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 60,005,302 shares of company stock worth $592,251,748. 6.03% of the stock is owned by company insiders.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock traded down $0.06 on Wednesday, reaching $9.74. 3,254,855 shares of the company traded hands, compared to its average volume of 7,453,423. The company has a 50 day moving average of $9.71 and a 200 day moving average of $9.34. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The firm has a market capitalization of $6.34 billion, a PE ratio of 487.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm had revenue of $260.45 million for the quarter, compared to analyst estimates of $256.21 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast 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.