Envestnet Asset Management Inc. Has $26.81 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Envestnet Asset Management Inc. grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,849,539 shares of the company’s stock after purchasing an additional 68,418 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of CCC Intelligent Solutions worth $26,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCCS. T. Rowe Price Investment Management Inc. increased its stake in shares of CCC Intelligent Solutions by 6.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company’s stock worth $658,899,000 after purchasing an additional 4,100,954 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company’s stock valued at $510,114,000 after purchasing an additional 5,103,835 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company’s stock valued at $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of CCC Intelligent Solutions by 16.7% during the second quarter. Conestoga Capital Advisors LLC now owns 14,520,630 shares of the company’s stock valued at $136,639,000 after acquiring an additional 2,081,265 shares during the last quarter. Finally, Akre Capital Management LLC raised its holdings in CCC Intelligent Solutions by 23.5% in the 1st quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company’s stock worth $119,109,000 after purchasing an additional 2,508,986 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday. Piper Sandler dropped their target price on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday. Finally, Barclays dropped their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.38.

CCC Intelligent Solutions Trading Down 0.3%

Shares of CCCS opened at $8.72 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The company has a 50-day moving average of $9.37 and a 200 day moving average of $9.33. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 436.22 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $267.12 million for the quarter, compared to analysts’ expectations of $265.01 million. During the same period in the prior year, the business earned $0.10 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric Wei sold 30,000,000 shares of the business’s stock in a transaction that occurred 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 $8,550,825.15. The trade was a 97.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Page Goodson sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the transaction, the insider owned 157,478 shares of the company’s stock, valued at approximately $1,510,214.02. This trade represents a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,192,531 shares of company stock worth $594,054,878 in the last 90 days. 6.03% of the stock is owned by corporate insiders.

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.