CCC Intelligent Solutions Holdings Inc. $CCCS Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in CCC Intelligent Solutions Holdings by 6.0%, owning 11.07% of the company’s stock after acquiring over 4 million additional shares.
• Insider transactions included a significant sale by Director Eric Wei, who sold 30 million shares for $296.1 million, reducing their position by 97.19%.
• The stock of CCC Intelligent Solutions increased by 0.7% recently, with an earnings report indicating a quarterly revenue growth of 12.0% year-over-year, exceeding analysts' expectations.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,967,671 shares of the company's stock after acquiring an additional 4,100,954 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 11.07% of CCC Intelligent Solutions worth $658,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Amalgamated Bank increased its stake in CCC Intelligent Solutions by 4.9% during the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock worth $225,000 after acquiring an additional 1,163 shares during the last quarter. Townsquare Capital LLC increased its stake in CCC Intelligent Solutions by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock worth $285,000 after acquiring an additional 1,475 shares during the last quarter. Quantinno Capital Management LP increased its stake in CCC Intelligent Solutions by 8.8% during the fourth quarter. Quantinno Capital Management LP now owns 19,036 shares of the company's stock worth $223,000 after acquiring an additional 1,541 shares during the last quarter. Stephens Inc. AR increased its stake in CCC Intelligent Solutions by 7.8% during the first quarter. Stephens Inc. AR now owns 25,056 shares of the company's stock worth $226,000 after acquiring an additional 1,811 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in CCC Intelligent Solutions by 3.8% during the first quarter. Cetera Investment Advisers now owns 50,097 shares of the company's stock worth $452,000 after acquiring an additional 1,856 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCCS. 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. Barclays raised their price target on 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 restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. The Goldman Sachs Group lowered their price target on 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. Finally, JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a research report on Monday, June 23rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Up 0.7%

NYSE:CCCS traded up $0.07 during midday trading on Friday, reaching $9.90. The company had a trading volume of 4,304,450 shares, compared to its average volume of 7,538,338. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 495.25 and a beta of 0.74. The stock's fifty day simple moving average is $9.62 and its 200-day simple moving average is $9.39. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $260.45 million during 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%.CCC Intelligent Solutions's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side 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 other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions 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 completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Insiders sold 60,005,302 shares of company stock valued at $592,251,748 in the last ninety days. Insiders own 6.03% of the company's stock.

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.