CCC Intelligent Solutions Holdings Inc. $CCCS Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,425,232 shares of the company's stock after buying an additional 593,394 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of CCC Intelligent Solutions worth $39,960,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in CCC Intelligent Solutions by 13.6% during the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock worth $1,669,000 after buying an additional 22,185 shares during the period. GAMMA Investing LLC grew its stake in CCC Intelligent Solutions by 644.2% during the first quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock worth $225,000 after buying an additional 21,535 shares during the period. Amalgamated Bank grew its stake in CCC Intelligent Solutions by 4.9% during the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock worth $225,000 after buying an additional 1,163 shares during the period. KBC Group NV lifted its position in shares of CCC Intelligent Solutions by 26.0% during the first quarter. KBC Group NV now owns 20,261 shares of the company's stock worth $183,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CCC Intelligent Solutions by 35.7% during the first quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock worth $376,000 after purchasing an additional 10,957 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value 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 represents a 97.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director owned 866,345 shares of the company's stock, valued at $8,550,825.15. This represents 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 valued at $592,251,748 in the last quarter. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS traded up $0.1450 on Friday, reaching $9.9750. 699,798 shares of the company's stock were exchanged, compared to its average volume of 7,514,282. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 499.00 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The business's 50-day moving average is $9.60 and its two-hundred day moving average is $9.41. 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 (NYSE:CCCS - Get Free Report) last issued 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 company had revenue of $260.45 million for the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of recent research reports. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Piper Sandler reissued a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. 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 on the stock in a research report on Wednesday, May 7th. Barclays upped their price target on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a report on Monday, June 23rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, CCC Intelligent Solutions presently has a consensus rating of "Hold" and an average price target of $11.75.

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.