Public Employees Retirement System of Ohio Increases Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Public Employees Retirement System of Ohio grew its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,979 shares of the company’s stock after acquiring an additional 13,074 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CCC Intelligent Solutions were worth $1,524,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of 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 acquiring an additional 22,185 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CCC Intelligent Solutions by 644.2% in the first quarter. GAMMA Investing LLC now owns 24,878 shares of the company’s stock worth $225,000 after buying an additional 21,535 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company’s stock worth $225,000 after buying an additional 1,163 shares during the last quarter. KBC Group NV boosted its holdings in shares of CCC Intelligent Solutions by 26.0% in the first quarter. KBC Group NV now owns 20,261 shares of the company’s stock worth $183,000 after buying an additional 4,186 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of CCC Intelligent Solutions by 35.7% in the first quarter. Fifth Third Bancorp now owns 41,678 shares of the company’s stock worth $376,000 after buying an additional 10,957 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total value of $1,438,500.00. Following the completion of the sale, the insider directly owned 157,478 shares of the company’s stock, valued at $1,510,214.02. This represents a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rodney Christo sold 5,302 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $9.76, for a total transaction of $51,747.52. The disclosure for this sale can be found here. Insiders sold a total of 60,197,833 shares of company stock valued at $594,106,626 over the last ninety days. Company insiders own 6.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays raised their target price on shares of 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. 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 research note on Monday, June 23rd. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Finally, Piper Sandler restated a “hold” rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.75.

CCC Intelligent Solutions Stock Up 1.7%

NYSE CCCS opened at $9.38 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $9.63 and a two-hundred day moving average of $9.29. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 469.23 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last issued 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 net margin of 5.02% and a return on equity of 5.35%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share 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.