CCC Intelligent Solutions (NYSE:CCCS) Receives “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of CCC Intelligent Solutions (NYSE:CCCS) in a report published on Monday,Benzinga reports. They currently have a $14.00 price target on the stock.

Several other analysts also recently commented on CCCS. Piper Sandler reiterated a “hold” rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Barclays reduced their price target on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Hold” and a consensus target price of $11.58.

CCC Intelligent Solutions Trading Up 2.2%

NYSE CCCS opened at $9.30 on Monday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88. The stock has a market capitalization of $6.06 billion, a PE ratio of 465.23 and a beta of 0.72. The firm has a 50 day moving average of $9.46 and a two-hundred day moving average of $9.32.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $260.45 million during the quarter, compared to the consensus estimate of $256.21 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that CCC Intelligent Solutions will post 0.17 EPS for the current fiscal year.

Insider Activity

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the company’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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the company’s 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 transaction, the director owned 866,345 shares of the company’s stock, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,197,833 shares of company stock worth $594,106,626 in the last 90 days. Corporate insiders own 6.03% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CCC Intelligent Solutions during the 2nd quarter worth $25,000. Osaic Holdings Inc. grew its stake in shares of CCC Intelligent Solutions by 293.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock worth $29,000 after purchasing an additional 2,300 shares during the period. Park Place Capital Corp grew its stake in shares of CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after purchasing an additional 1,228 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth $37,000. Finally, AlphaQuest LLC acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 95.79% 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.