52,370 Shares in CCC Intelligent Solutions Holdings Inc. $CCCS Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 52,370 shares of the company’s stock, valued at approximately $493,000.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank grew its holdings 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 acquiring an additional 1,163 shares in the last quarter. Park Place Capital Corp lifted its position in CCC Intelligent Solutions by 47.6% during the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after acquiring an additional 1,228 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in CCC Intelligent Solutions by 14.6% during the second quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock worth $120,000 after acquiring 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 first quarter. Stephens Inc. AR now owns 25,056 shares of the company’s stock valued at $226,000 after buying an additional 1,811 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of CCC Intelligent Solutions by 6.8% in the first quarter. Baird Financial Group Inc. now owns 28,822 shares of the company’s stock valued at $260,000 after buying an additional 1,833 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCCS shares. Barclays decreased their price objective on shares of 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 reduced their price objective on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Finally, Jefferies Financial Group set a $11.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Hold” and an average target price of $11.38.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, Director Eric Wei sold 30,000,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the sale, the director owned 866,345 shares in the company, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Page Goodson sold 150,000 shares of the firm’s 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 60,192,531 shares of company stock valued at $594,054,878 in the last three months. Company insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Stock Down 0.3%

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

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm had revenue of $267.12 million during the quarter, compared to analyst estimates of $265.01 million. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share 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.