Quantbot Technologies LP Purchases New Shares in CCC Intelligent Solutions Holdings Inc. $CCCS

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 acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 930,670 shares of the company's stock, valued at approximately $8,404,000. Quantbot Technologies LP owned about 0.14% of CCC Intelligent Solutions at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CCCS. Legal & General Group Plc raised its stake in shares of CCC Intelligent Solutions by 13.5% during the fourth quarter. Legal & General Group Plc now owns 424,741 shares of the company's stock valued at $4,982,000 after acquiring an additional 50,359 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of CCC Intelligent Solutions by 55.9% during the fourth quarter. Sterling Capital Management LLC now owns 26,797 shares of the company's stock valued at $314,000 after acquiring an additional 9,608 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at $231,000. Townsquare Capital LLC raised its stake in shares of CCC Intelligent Solutions by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock valued at $285,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of CCC Intelligent Solutions by 357.3% during the fourth quarter. Barclays PLC now owns 498,560 shares of the company's stock valued at $5,849,000 after acquiring an additional 389,540 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Up 0.7%

NYSE:CCCS traded up $0.07 during trading hours on Friday, reaching $9.90. The company had a trading volume of 4,304,450 shares, compared to its average volume of 7,538,338. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 495.25 and a beta of 0.74. The business's 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $9.41. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month 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, 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 business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company 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 expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $51,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Young sold 30,000,000 shares of CCC Intelligent Solutions 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,005,302 shares of company stock worth $592,251,748 over the last three months. 6.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CCCS shares. 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 increased their price objective on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group decreased their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Piper Sandler reiterated a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective for the company. in a research 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.