Riverbridge Partners LLC Has $63.06 Million Stock Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Riverbridge Partners LLC increased its stake in CCC Intelligent Solutions Holdings Inc. by 26.0%, holding 6,701,496 shares valued at approximately $63 million as of its latest SEC filing.
• CCC Intelligent Solutions reported a quarterly earnings per share of $0.09, exceeding analysts' expectations, with a year-over-year revenue increase of 12.0% to $260.45 million.
• Equities analysts have varying ratings on CCC Intelligent Solutions, with target prices ranging from $10.00 to $14.00, reflecting a consensus average target price of $11.75.

Riverbridge Partners LLC lifted its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,701,496 shares of the company's stock after buying an additional 1,380,783 shares during the period. Riverbridge Partners LLC owned about 1.02% of CCC Intelligent Solutions worth $63,061,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in CCC Intelligent Solutions in the 1st quarter worth $37,000. AlphaQuest LLC acquired a new position in CCC Intelligent Solutions in the 1st quarter worth $47,000. SVB Wealth LLC acquired a new position in CCC Intelligent Solutions in the 1st quarter worth $60,000. Advisors Asset Management Inc. boosted its stake in CCC Intelligent Solutions by 40.4% in the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock worth $60,000 after purchasing an additional 1,898 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in CCC Intelligent Solutions by 28.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock worth $83,000 after purchasing an additional 2,063 shares during the period. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Down 0.5%

CCC Intelligent Solutions stock opened at $9.30 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a 50-day moving average of $9.72 and a 200-day moving average of $9.29. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 465.23 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of 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. Piper Sandler reaffirmed a "hold" rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. JPMorgan Chase & Co. downgraded 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 note on Monday, June 23rd. Finally, 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. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.75.

Insider Activity 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 that occurred on 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 sale, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. This trade represents a 97.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 866,345 shares of the company's stock, valued at $8,550,825.15. This trade 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 60,197,833 shares of company stock valued at $594,106,626. 6.03% of the stock is currently owned by insiders.

About CCC Intelligent Solutions

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.

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