Johnson Investment Counsel Inc. Buys New Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Johnson Investment Counsel Inc. acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the second quarter, HoldingsChannel.com reports. The firm acquired 216,632 shares of the company’s stock, valued at approximately $2,039,000.

Several other large investors have also modified their holdings of the company. Lindenwold Advisors INC boosted its holdings in shares of CCC Intelligent Solutions by 19.7% in the second quarter. Lindenwold Advisors INC now owns 16,920 shares of the company’s stock valued at $159,000 after acquiring an additional 2,780 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of CCC Intelligent Solutions by 14.8% in the second quarter. KLP Kapitalforvaltning AS now owns 104,100 shares of the company’s stock valued at $980,000 after acquiring an additional 13,400 shares during the period. Hardy Reed LLC boosted its holdings in shares of CCC Intelligent Solutions by 35.0% in the second quarter. Hardy Reed LLC now owns 32,339 shares of the company’s stock valued at $304,000 after acquiring an additional 8,384 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of CCC Intelligent Solutions by 14.6% in the second quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock valued at $120,000 after acquiring an additional 1,622 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CCC Intelligent Solutions in the second quarter valued at approximately $45,493,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John Page Goodson sold 150,000 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total value of $1,438,500.00. Following the transaction, the insider owned 157,478 shares in the company, valued at approximately $1,510,214.02. This trade represents a 48.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Young 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 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 disclosure for this sale can be found here. Insiders sold 60,197,833 shares of company stock worth $594,106,626 in the last three months. Company insiders own 6.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a report on Monday, June 23rd. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Piper Sandler reaffirmed a “hold” rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barclays increased their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.75.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $9.29 on Tuesday. 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 market capitalization of $6.05 billion, a P/E ratio of 464.73 and a beta of 0.72. The business has a 50 day moving average price of $9.58 and a 200 day moving average price of $9.30. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company had revenue of $260.45 million during the quarter, compared to analysts’ expectations of $256.21 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.