CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Average Recommendation of “Hold” by Analysts

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.3750.

Several analysts have issued reports on the company. Barclays dropped their price objective on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Piper Sandler dropped their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus reduced 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 report on Friday, October 31st. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Finally, Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, October 30th.

Insider Transactions at CCC Intelligent Solutions

In other news, 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 completion of the sale, the insider owned 157,478 shares in the company, valued at $1,510,214.02. The trade was a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of CCC Intelligent Solutions by 20.4% in the third quarter. Principal Financial Group Inc. now owns 38,305,155 shares of the company’s stock valued at $348,960,000 after acquiring an additional 6,501,213 shares during the period. Norges Bank bought a new position in CCC Intelligent Solutions during the second quarter worth about $59,755,000. Wasatch Advisors LP raised its stake in CCC Intelligent Solutions by 43.7% in the 3rd quarter. Wasatch Advisors LP now owns 20,322,841 shares of the company’s stock worth $185,141,000 after purchasing an additional 6,181,405 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in CCC Intelligent Solutions by 23.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock valued at $292,233,000 after purchasing an additional 5,991,997 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in CCC Intelligent Solutions by 9.4% in the 3rd quarter. Vanguard Group Inc. now owns 65,902,505 shares of the company’s stock valued at $600,372,000 after purchasing an additional 5,651,113 shares during the period. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $7.37 on Tuesday. The stock has a market cap of $4.80 billion, a P/E ratio of 368.68 and a beta of 0.72. The company has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $9.24. CCC Intelligent Solutions has a one year low of $8.14 and a one year high of $12.88. 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 (NYSE:CCCS) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 firm earned $0.10 EPS. CCC Intelligent Solutions’s quarterly revenue was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that CCC Intelligent Solutions will post 0.17 EPS for the current 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.