Strs Ohio Acquires Shares of 168,164 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 stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 168,164 shares of the company's stock, valued at approximately $1,519,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its stake in CCC Intelligent Solutions by 6.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock valued at $658,899,000 after acquiring an additional 4,100,954 shares during the last quarter. Vanguard Group Inc. raised its stake in CCC Intelligent Solutions by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after acquiring an additional 5,103,835 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $246,551,000 after acquiring an additional 363,944 shares during the last quarter. Brown Advisory Inc. raised its stake in CCC Intelligent Solutions by 30.7% during the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. Finally, Akre Capital Management LLC raised its stake in CCC Intelligent Solutions by 23.5% during the 1st quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock valued at $119,109,000 after acquiring an additional 2,508,986 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on 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 reissued a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a research note on Monday, June 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of "Hold" and an average target price of $11.75.

CCC Intelligent Solutions Stock Performance

CCCS opened at $9.56 on Wednesday. The stock has a market cap of $6.23 billion, a P/E ratio of 478.24 and a beta of 0.74. 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 stock's 50 day simple moving average is $9.74 and its 200 day simple moving average is $9.29. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping 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 company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,302 shares of the stock in a transaction on 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 accessible through the SEC website. Also, Director Eric Wei sold 30,000,000 shares of the stock in a transaction on 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 sale, the director owned 866,345 shares in the company, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,047,833 shares of company stock worth $592,668,126 in the last 90 days. Corporate insiders own 6.03% of the company's stock.

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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