Strs Ohio Makes New $1.52 Million Investment in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Strs Ohio has acquired a new stake of 168,164 shares in CCC Intelligent Solutions Holdings Inc., valued at approximately $1,519,000, reflecting a trend of increasing institutional investments in the company.
• Wall Street analysts have given mixed ratings on CCC Intelligent Solutions, with a consensus rating of "Hold" and an average target price of $11.75.
• The company's recent quarterly earnings surpassed expectations, reporting a revenue of $260.45 million with a net margin of 5.02% and a return on equity of 5.35%.

Strs Ohio acquired a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 168,164 shares of the company's stock, valued at approximately $1,519,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in CCC Intelligent Solutions during the first quarter worth about $37,000. AlphaQuest LLC acquired a new position in shares of CCC Intelligent Solutions in the 1st quarter valued at $47,000. SVB Wealth LLC acquired a new position in CCC Intelligent Solutions in the 1st quarter valued at $60,000. Advisors Asset Management Inc. boosted its position in shares of CCC Intelligent Solutions by 40.4% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 buying an additional 2,063 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Down 1.1%

Shares of CCCS stock traded down $0.11 on Friday, hitting $9.54. The company had a trading volume of 16,158,102 shares, compared to its average volume of 7,315,345. The stock's 50-day moving average is $9.73 and its two-hundred day moving average is $9.29. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The firm has a market cap of $6.21 billion, a P/E ratio of 477.24 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 (NYSE:CCCS - Get Free Report) last posted its 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 return on equity of 5.35% and a net margin of 5.02%.The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter 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. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was 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 of the company's stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the sale, the director owned 866,345 shares of the company's stock, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,197,833 shares of company stock worth $594,106,626 in the last quarter. 6.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCCS. Barclays increased 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 report on Friday, August 1st. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. JPMorgan Chase & Co. cut shares of 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 price target on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $11.75.

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.