Northern Trust Corp Has $28.25 Million Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Northern Trust Corp raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 11.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,128,030 shares of the company’s stock after purchasing an additional 321,034 shares during the period. Northern Trust Corp owned approximately 0.47% of CCC Intelligent Solutions worth $28,246,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in CCC Intelligent Solutions by 13.6% during the 1st quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company’s stock valued at $1,669,000 after purchasing an additional 22,185 shares during the last quarter. GAMMA Investing LLC boosted its stake in CCC Intelligent Solutions by 644.2% during the 1st quarter. GAMMA Investing LLC now owns 24,878 shares of the company’s stock valued at $225,000 after purchasing an additional 21,535 shares during the last quarter. Amalgamated Bank boosted its stake in CCC Intelligent Solutions by 4.9% during the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company’s stock valued at $225,000 after purchasing an additional 1,163 shares during the last quarter. KBC Group NV boosted its stake in CCC Intelligent Solutions by 26.0% during the 1st quarter. KBC Group NV now owns 20,261 shares of the company’s stock valued at $183,000 after purchasing an additional 4,186 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in CCC Intelligent Solutions by 35.7% during the 1st quarter. Fifth Third Bancorp now owns 41,678 shares of the company’s stock valued at $376,000 after purchasing an additional 10,957 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

CCCS has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research note 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 research note on Monday, August 4th. Barclays boosted 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. Finally, Piper Sandler restated a “hold” rating and issued a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three research 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. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Hold” and an average target price of $11.75.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the stock in a transaction 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 sale, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,005,302 shares of company stock worth $592,251,748. Insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions 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 company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $9.36. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 495.25 and a beta of 0.74.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $260.45 million for the quarter, compared to the consensus estimate of $256.21 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. CCC Intelligent Solutions’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. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

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.