Police & Firemen s Retirement System of New Jersey Buys 26,113 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Police & Firemen s Retirement System of New Jersey increased its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,473 shares of the company’s stock after buying an additional 26,113 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in CCC Intelligent Solutions were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its holdings in CCC Intelligent Solutions by 6.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company’s stock worth $658,899,000 after acquiring an additional 4,100,954 shares in the last quarter. Vanguard Group Inc. boosted its stake in CCC Intelligent Solutions by 9.9% in the 1st 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. grew its position in CCC Intelligent Solutions by 49.5% during 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 increased its stake in CCC Intelligent Solutions by 16.7% during 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 in the last quarter. Finally, Akre Capital Management LLC increased its stake in CCC Intelligent Solutions by 23.5% during 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. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of CCCS opened at $7.19 on Thursday. The firm has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $9.21. The firm has a market cap of $4.68 billion, a PE ratio of 359.68 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. 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 released 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 firm had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Stifel Nicolaus reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 31st. Piper Sandler decreased their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, 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 report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.38.

Insider Activity

In other news, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction dated 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 owned 157,478 shares of the company’s stock, valued at $1,510,214.02. This represents a 48.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.03% of the stock is currently owned by corporate insiders.

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.