Russell Investments Group Ltd. Raises Stock Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Russell Investments Group Ltd. increased its stake in CCC Intelligent Solutions Holdings Inc. by 33.2%, now holding 686,222 shares valued at approximately $6.2 million.
• Insider transactions revealed that Director Lauren Young sold 30 million shares, substantially decreasing ownership, while Director Crescenzo Neil E. De increased their position by purchasing 100,000 shares.
• Wall Street analysts have mixed opinions on CCC Intelligent Solutions, with Barclays setting a price target of $12.00 while JPMorgan downgraded it to $10.00, reflecting varying confidence in the stock's performance.

Russell Investments Group Ltd. lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 33.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,222 shares of the company's stock after purchasing an additional 170,850 shares during the period. Russell Investments Group Ltd. owned about 0.10% of CCC Intelligent Solutions worth $6,197,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of CCC Intelligent Solutions by 6.3% during the 4th 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 9.9% during the 1st 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of CCC Intelligent Solutions by 1.4% during the 1st 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 in the last quarter. Brown Advisory Inc. increased its stake in shares of CCC Intelligent Solutions by 30.7% during the 1st 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 in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of CCC Intelligent Solutions by 1.5% during the 1st quarter. Conestoga Capital Advisors LLC now owns 12,439,365 shares of the company's stock worth $112,327,000 after purchasing an additional 178,330 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Young sold 30,000,000 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,005,302 shares of company stock valued at $592,251,748. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Trading Down 0.7%

Shares of CCCS traded down $0.07 during mid-day trading on Tuesday, reaching $9.68. The company had a trading volume of 10,517,972 shares, compared to its average volume of 7,531,889. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 484.24 and a beta of 0.74. The firm has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.38. 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 current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share 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 net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last 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, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CCCS shares. Barclays raised 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 note on Friday, August 1st. The Goldman Sachs Group dropped 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 note on Wednesday, May 7th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research report on Monday, June 23rd. Piper Sandler restated a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Three investment 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.