Cramer Rosenthal Mcglynn LLC Has $8.32 Million Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in CCC Intelligent Solutions Holdings Inc. by 39.3% to $8.32 million in the first quarter, following the sale of 596,701 shares.
• Insiders have sold approximately 60 million shares of CCC Intelligent Solutions worth about $592 million in the last 90 days, indicating a significant divestment from company leadership.
• Analysts have mixed opinions on CCC Intelligent Solutions, with ratings ranging from buy to underweight, and a consensus target price of $11.75.

Cramer Rosenthal Mcglynn LLC reduced its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 921,614 shares of the company's stock after selling 596,701 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.14% of CCC Intelligent Solutions worth $8,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its position in CCC Intelligent Solutions by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock worth $658,899,000 after acquiring an additional 4,100,954 shares in the last quarter. Vanguard Group Inc. raised its position in CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock worth $510,114,000 after acquiring an additional 5,103,835 shares in the last quarter. Principal Financial Group Inc. raised its position in CCC Intelligent Solutions by 1.4% during the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock worth $246,551,000 after acquiring an additional 363,944 shares in the last quarter. Brown Advisory Inc. raised its position in 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 acquiring an additional 4,313,296 shares in the last quarter. Finally, Akre Capital Management LLC raised its stake in CCC Intelligent Solutions by 23.5% in the 1st quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock valued at $119,109,000 after acquiring an additional 2,508,986 shares during the period. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Price Performance

Shares of CCCS traded up $0.20 during trading hours on Thursday, hitting $10.03. 5,498,436 shares of the company were exchanged, compared to its average volume of 7,510,148. 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 Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 501.75 and a beta of 0.74. The firm's fifty day moving average is $9.66 and its 200 day moving average is $9.38.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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%. CCC Intelligent Solutions's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the firm's 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 transaction, the director directly owned 866,345 shares of the company's stock, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the firm's 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 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. Insiders have sold a total of 60,005,302 shares of company stock valued at $592,251,748 in the last ninety days. 6.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CCCS shares. Piper Sandler restated a "hold" rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Barclays increased their price target 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. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research note on Monday, June 23rd. The Goldman Sachs Group dropped their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.75.

CCC Intelligent Solutions 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.