Comerica Bank Raises Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Comerica Bank increased its holdings in CCC Intelligent Solutions by 14.0%, owning a total of 1,144,678 shares valued at approximately $10.34 million as of the latest SEC filing.
• Insider activity showed significant sales, with Director Lauren Young selling 30 million shares for about $296 million, marking a substantial decrease in her ownership position.
• Analysts have mixed opinions on CCC Intelligent Solutions, with ratings ranging from "underweight" to "outperform" and a consensus price target of $11.75.

Comerica Bank raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 14.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,144,678 shares of the company's stock after buying an additional 140,874 shares during the quarter. Comerica Bank owned about 0.17% of CCC Intelligent Solutions worth $10,336,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Synovus Financial Corp grew its stake in CCC Intelligent Solutions by 36.8% during the 1st quarter. Synovus Financial Corp now owns 319,321 shares of the company's stock valued at $2,883,000 after purchasing an additional 85,908 shares during the last quarter. ICONIQ Capital LLC purchased a new stake in CCC Intelligent Solutions during the 1st quarter valued at about $10,482,000. SVB Wealth LLC purchased a new stake in CCC Intelligent Solutions during the 1st quarter valued at about $60,000. Smartleaf Asset Management LLC grew its stake in CCC Intelligent Solutions by 28.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock valued at $83,000 after purchasing an additional 2,063 shares during the last quarter. Finally, Crescent Park Management L.P. grew its stake in CCC Intelligent Solutions by 162.7% during the 1st quarter. Crescent Park Management L.P. now owns 1,140,581 shares of the company's stock valued at $10,299,000 after purchasing an additional 706,429 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock traded down $0.13 on Monday, reaching $9.90. 4,596,394 shares of the company were exchanged, compared to its average volume of 7,492,489. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 495.25 and a beta of 0.74. The business has a 50-day moving average price of $9.69 and a 200 day moving average price of $9.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $260.45 million during 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 company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,302 shares of the firm'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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Wei sold 30,000,000 shares of the firm'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 directly owned 866,345 shares in the company, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,005,302 shares of company stock valued at $592,251,748. Corporate insiders own 6.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCCS. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Barclays lifted their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note 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 objective for the company. in a research note on Monday, June 23rd. The Goldman Sachs Group reduced their price objective on 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. Finally, Piper Sandler reiterated a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.75.

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.