Synovus Financial Corp Has $2.88 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Synovus Financial Corp has increased its stake in CCC Intelligent Solutions Holdings Inc. by 36.8%, now owning 319,321 shares valued at approximately $2.88 million.
• Analysts have mixed opinions on CCC Intelligent Solutions, with target prices ranging from $10.00 to $14.00 and a current consensus rating of "Hold."
• Recent insider trading activity shows that directors sold a significant amount of stock, with 60 million shares sold valued at nearly $592 million, leading to a 97.19% decrease in their ownership positions.

Synovus Financial Corp raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 36.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 319,321 shares of the company's stock after purchasing an additional 85,908 shares during the period. Synovus Financial Corp's holdings in CCC Intelligent Solutions were worth $2,883,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of CCC Intelligent Solutions by 4,172.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock worth $115,394,000 after acquiring an additional 9,607,085 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock worth $510,114,000 after acquiring an additional 5,103,835 shares in the last quarter. Clarkston Capital Partners LLC bought a new stake in shares of CCC Intelligent Solutions during the first quarter worth $45,766,000. Jefferies Financial Group Inc. bought a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth $58,080,000. Finally, Brown Advisory Inc. increased its position in shares of CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock worth $165,672,000 after acquiring an additional 4,313,296 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS traded up $0.20 on Thursday, hitting $10.03. The company's stock had a trading volume of 5,498,436 shares, compared to its average volume of 7,510,148. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $9.67 and a two-hundred day moving average of $9.37. The firm has a market capitalization of $6.53 billion, a P/E ratio of 501.75 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm 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 business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CCCS shares. Piper Sandler reissued a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. JPMorgan Chase & Co. downgraded 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 research 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 research report on Wednesday, May 7th. Barclays increased 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 report on Friday, August 1st. Finally, Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions presently has an average rating of "Hold" and a consensus target price of $11.75.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction dated 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 sale, the director owned 866,345 shares of the company's stock, 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. Insiders have sold 60,005,302 shares of company stock worth $592,251,748 over the last 90 days. Company insiders own 6.03% of the company's stock.

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.