Wealth Alliance LLC Grows Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Wealth Alliance LLC boosted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 52.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,940 shares of the company’s stock after buying an additional 8,189 shares during the quarter. Wealth Alliance LLC’s holdings in CCC Intelligent Solutions were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCCS. T. Rowe Price Investment Management Inc. raised its holdings in shares of CCC Intelligent Solutions by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company’s stock valued at $658,899,000 after acquiring an additional 4,100,954 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CCC Intelligent Solutions by 9.9% during the first quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company’s stock worth $510,114,000 after purchasing an additional 5,103,835 shares in the last quarter. Bessemer Group Inc. raised its stake in CCC Intelligent Solutions by 49.5% in the 2nd quarter. Bessemer Group Inc. now owns 14,805,779 shares of the company’s stock valued at $139,321,000 after purchasing an additional 4,903,086 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in CCC Intelligent Solutions by 16.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 14,520,630 shares of the company’s stock valued at $136,639,000 after purchasing an additional 2,081,265 shares during the last quarter. Finally, Akre Capital Management LLC lifted 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 valued at $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.

Insider Buying and Selling

In other news, insider John Page Goodson sold 150,000 shares of the stock in a transaction 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 transaction, the insider directly owned 157,478 shares in the company, valued at approximately $1,510,214.02. This represents a 48.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.03% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock opened at $7.35 on Friday. 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 company has a market capitalization of $4.79 billion, a PE ratio of 367.68 and a beta of 0.72. The firm’s 50-day moving average is $8.99 and its two-hundred day moving average is $9.25. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $267.12 million during the quarter, compared to the consensus estimate 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 revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. 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. Stifel Nicolaus cut 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 report on Friday, October 31st. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Finally, Piper Sandler dropped their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, October 31st. Four investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions 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.