Torray Investment Partners LLC Increases Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Torray Investment Partners LLC lifted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,836 shares of the company’s stock after purchasing an additional 12,378 shares during the quarter. Torray Investment Partners LLC’s holdings in CCC Intelligent Solutions were worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Amalgamated Bank raised its position in shares of CCC Intelligent Solutions by 4.9% in 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. Park Place Capital Corp raised its position in shares of CCC Intelligent Solutions by 47.6% in the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of CCC Intelligent Solutions by 14.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock valued at $120,000 after purchasing an additional 1,622 shares during the last quarter. Stephens Inc. AR raised its position in shares of CCC Intelligent Solutions by 7.8% in the 1st quarter. Stephens Inc. AR now owns 25,056 shares of the company’s stock valued at $226,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of CCC Intelligent Solutions by 6.8% in the 1st quarter. Baird Financial Group Inc. now owns 28,822 shares of the company’s stock valued at $260,000 after purchasing an additional 1,833 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CCC Intelligent Solutions

In related news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction on Thursday, August 7th. The shares were 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 of the company’s stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Page Goodson sold 150,000 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, September 17th. The shares were 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 directly owned 157,478 shares in the company, valued at $1,510,214.02. This represents a 48.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 60,192,531 shares of company stock valued at $594,054,878. 6.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Piper Sandler reduced their price target 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. 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. Stifel Nicolaus reduced their price target 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. Finally, Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.38.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $8.72 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 436.22 and a beta of 0.72. The company has a 50 day moving average price of $9.39 and a 200-day moving average price of $9.33. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $267.12 million during the quarter, compared to analyst estimates of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research 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.