Swiss National Bank Buys 29,500 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Swiss National Bank has increased its stake in CCC Intelligent Solutions Holdings Inc. by 3.7%, owning 826,500 shares valued at approximately $7.46 million after purchasing an additional 29,500 shares.
• The company's stock has a market cap of $6.32 billion and recently reported a quarterly revenue of $260.45 million, up 12% from the same quarter last year.
• Several analysts have given CCCS mixed ratings, with target prices ranging from $10.00 to $14.00, highlighting a general expectation for continued growth despite varied rating perspectives.

Swiss National Bank boosted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 826,500 shares of the company's stock after buying an additional 29,500 shares during the period. Swiss National Bank owned 0.13% of CCC Intelligent Solutions worth $7,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCCS. Legal & General Group Plc lifted its holdings in CCC Intelligent Solutions by 13.5% in the fourth quarter. Legal & General Group Plc now owns 424,741 shares of the company's stock worth $4,982,000 after buying an additional 50,359 shares during the period. Sterling Capital Management LLC lifted its holdings in CCC Intelligent Solutions by 55.9% in the fourth quarter. Sterling Capital Management LLC now owns 26,797 shares of the company's stock worth $314,000 after buying an additional 9,608 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in CCC Intelligent Solutions in the fourth quarter worth about $231,000. Townsquare Capital LLC lifted its holdings in CCC Intelligent Solutions by 6.5% in the fourth quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock worth $285,000 after buying an additional 1,475 shares during the period. Finally, Barclays PLC lifted its holdings in CCC Intelligent Solutions by 357.3% in the fourth quarter. Barclays PLC now owns 498,560 shares of the company's stock worth $5,849,000 after buying an additional 389,540 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Rodney Christo sold 5,302 shares of the business's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the business'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 completion of the transaction, the director owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,005,302 shares of company stock valued at $592,251,748 in the last quarter. Insiders own 6.03% of the company's stock.

Wall Street Analysts Forecast Growth

CCCS has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered 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 report on Monday, June 23rd. The Goldman Sachs Group lowered 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 report on Wednesday, May 7th. Barrington Research reiterated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Barclays lifted their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Piper Sandler reiterated a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $11.75.

CCC Intelligent Solutions Stock Up 0.2%

Shares of CCCS stock traded up $0.02 during trading hours on Thursday, hitting $9.83. 5,512,248 shares of the company's stock traded hands, compared to its average volume of 7,557,518. The stock's fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $9.41. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 491.75 and a beta of 0.74. The company has a quick ratio of 3.19, a current 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 data 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. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $260.45 million during the quarter, compared to analyst estimates of $256.21 million. During the same period in the previous year, the business earned $0.09 EPS. The firm's revenue for the quarter 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, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

CCC Intelligent Solutions Company 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.