Hsbc Holdings PLC Increases Stock Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Hsbc Holdings PLC lifted its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 859.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 103,943 shares of the company’s stock after purchasing an additional 93,110 shares during the period. Hsbc Holdings PLC’s holdings in CCC Intelligent Solutions were worth $932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of CCC Intelligent Solutions in the fourth quarter worth approximately $36,000. Banque Cantonale Vaudoise bought a new position in shares of CCC Intelligent Solutions in the first quarter worth approximately $37,000. Tocqueville Asset Management L.P. bought a new position in shares of CCC Intelligent Solutions in the first quarter worth approximately $90,000. Machina Capital S.A.S. bought a new position in shares of CCC Intelligent Solutions in the first quarter worth approximately $98,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of CCC Intelligent Solutions in the first quarter worth approximately $100,000. Institutional investors own 95.79% of the company’s stock.

Insider Activity

In other news, Director Eric Wei sold 30,000,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were 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 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. In the last 90 days, insiders have sold 60,005,302 shares of company stock worth $592,251,748. Corporate insiders own 6.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CCCS shares. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a report on Monday, June 23rd. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Piper Sandler reiterated a “hold” rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barclays lifted their price target 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, The Goldman Sachs Group cut their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, May 7th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $9.90 on Friday. 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 $6.45 billion, a PE ratio of 495.25 and a beta of 0.74. 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 company’s fifty day moving average price is $9.68 and its 200-day moving average price is $9.36.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $260.45 million for the quarter, compared to analysts’ expectations of $256.21 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue 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, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.