930,670 Shares in CCC Intelligent Solutions Holdings Inc. $CCCS Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has purchased 930,670 shares of CCC Intelligent Solutions Holdings Inc. for approximately $8.4 million, representing a 0.14% ownership stake.
• Large investors such as the Teacher Retirement System of Texas and GAMMA Investing LLC have increased their holdings in CCC Intelligent Solutions, highlighting growing institutional interest in the company.
• CCC Intelligent Solutions reported a 12% increase in quarterly revenue year-over-year, beating analyst estimates, and has a consensus price target of $12.21 from various research analysts.

Quantbot Technologies LP purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 930,670 shares of the company's stock, valued at approximately $8,404,000. Quantbot Technologies LP owned approximately 0.14% of CCC Intelligent Solutions at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCCS. T. Rowe Price Investment Management Inc. lifted its stake in CCC Intelligent Solutions by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after purchasing an additional 4,060,284 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 5,103,835 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 purchasing an additional 363,944 shares during the last quarter. Brown Advisory Inc. lifted its stake 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 purchasing an additional 4,313,296 shares during the last quarter. Finally, Akre Capital Management LLC lifted its stake in CCC Intelligent Solutions by 23.5% during the first quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock worth $119,109,000 after purchasing an additional 2,508,986 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCCS shares. The Goldman Sachs Group reduced their price objective 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. Barclays raised their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective on the stock. in a research note on Monday, June 23rd. Finally, Piper Sandler reiterated a "hold" rating and issued a $10.00 target price 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.75.

Insider Buying and Selling

In related news, Director Lauren Young 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 transaction 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. The trade was a 97.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, July 31st. The stock was 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 have sold a total of 60,005,302 shares of company stock valued at $592,251,748 over the last three months. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS traded up $0.07 during trading hours on Friday, reaching $9.90. 4,304,450 shares of the company's stock traded hands, compared to its average volume of 7,538,315. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 495.25 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 Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The business's fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $9.41.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $260.45 million for the quarter, compared to analyst estimates of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last 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. Analysts predict 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.