Invesco Ltd. Raises Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Invesco Ltd. has increased its stake in CCC Intelligent Solutions Holdings Inc. by 36.6%, owning 521,828 shares worth approximately $4.71 million after purchasing an additional 139,869 shares.
• Institutional investors own 95.79% of CCC Intelligent Solutions' stock, with significant increases from firms like Vanguard Group and Millennium Management LLC in recent quarters.
• Analysts have mixed ratings for CCC Intelligent Solutions, with a consensus rating of "Hold" and an average price target of $11.75, following various price adjustments by firms such as JPMorgan and Barclays.

Invesco Ltd. raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 36.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 521,828 shares of the company's stock after acquiring an additional 139,869 shares during the quarter. Invesco Ltd. owned 0.08% of CCC Intelligent Solutions worth $4,712,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth $36,000. Banque Cantonale Vaudoise acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth $37,000. Machina Capital S.A.S. acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth $98,000. Valeo Financial Advisors LLC acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth $100,000. Finally, Two Sigma Securities LLC acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth $139,000. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Down 1.0%

CCCS traded down $0.10 during midday trading on Tuesday, hitting $9.80. The company's stock had a trading volume of 5,205,964 shares, compared to its average volume of 7,478,714. 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 market cap of $6.38 billion, a P/E ratio of 490.25 and a beta of 0.74. The firm has a 50-day moving average price of $9.70 and a two-hundred day moving average price of $9.34. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company 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 firm's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction dated 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 sale, the director owned 866,345 shares in the company, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions 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 disclosure for this sale can be found here. Insiders sold 60,005,302 shares of company stock worth $592,251,748 in the last 90 days. 6.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. 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. Barclays boosted their target price on shares of 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. The Goldman Sachs Group cut 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. Piper Sandler reissued a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a research note on Monday, June 23rd. Three investment 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, the company currently has a consensus rating of "Hold" and a consensus price target 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.