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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas increased its holdings in shares of CCC Intelligent Solutions by 13.6% in the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock worth $1,669,000 after purchasing an additional 22,185 shares during the period. GAMMA Investing LLC increased its holdings in shares of CCC Intelligent Solutions by 644.2% in the first quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock worth $225,000 after purchasing an additional 21,535 shares during the period. Amalgamated Bank increased its holdings in shares of CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock worth $225,000 after purchasing an additional 1,163 shares during the period. KBC Group NV increased its holdings in shares of CCC Intelligent Solutions by 26.0% in the first quarter. KBC Group NV now owns 20,261 shares of the company's stock worth $183,000 after purchasing an additional 4,186 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of CCC Intelligent Solutions by 35.7% in the first quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock worth $376,000 after purchasing an additional 10,957 shares during the period. Institutional investors own 95.79% of the company's stock.

Insider Activity

In other news, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was 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 SEC, which is available through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $9.87, for a total value of $296,100,000.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 60,005,302 shares of company stock valued at $592,251,748. 6.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CCCS has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Barclays upped their price target on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a report 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 report on Thursday, August 14th. Three research 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.com, the company currently has an average rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Price Performance

CCCS traded up $0.07 during trading on Friday, reaching $9.90. The stock had a trading volume of 4,304,450 shares, compared to its average volume of 7,538,338. The stock has a market cap of $6.45 billion, a PE ratio of 495.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The business has a 50-day moving average of $9.62 and a 200-day moving average of $9.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its 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 business had revenue of $260.45 million for 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 prior year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

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.