Recent Research Analysts’ Ratings Updates for CCC Intelligent Solutions (CCCS)

CCC Intelligent Solutions (NYSE: CCCS) has recently received a number of price target changes and ratings updates:

• 11/13/2024 – CCC Intelligent Solutions was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $15.00 price target on the stock, up previously from $14.00.
• 10/29/2024 – CCC Intelligent Solutions had its price target lowered by analysts at JPMorgan Chase & Co. from $14.00 to $13.00. They now have an “overweight” rating on the stock.
• 10/29/2024 – CCC Intelligent Solutions had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $14.00 price target on the stock.
• 10/29/2024 – CCC Intelligent Solutions had its price target lowered by analysts at Barclays PLC from $14.00 to $13.00. They now have an “equal weight” rating on the stock.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $11.77 on Monday. The company has a market capitalization of $7.36 billion, a P/E ratio of 588.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.68. The business has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $11.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. Research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.50, for a total transaction of $101,257.50. Following the completion of the sale, the insider now directly owns 4,798,040 shares in the company, valued at $55,177,460. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the transaction, the insider now owns 97,268 shares of the company’s stock, valued at $1,167,216. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,664 shares of company stock worth $550,614. Company insiders own 6.67% of the company’s stock.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of CCCS. Geode Capital Management LLC raised its holdings in shares of CCC Intelligent Solutions by 16.9% during the third quarter. Geode Capital Management LLC now owns 7,204,260 shares of the company’s stock valued at $79,627,000 after acquiring an additional 1,039,690 shares in the last quarter. M&T Bank Corp purchased a new stake in CCC Intelligent Solutions in the third quarter worth about $124,000. Barclays PLC boosted its position in CCC Intelligent Solutions by 155.7% during the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after acquiring an additional 66,386 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of CCC Intelligent Solutions by 2.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 164,208 shares of the company’s stock worth $1,814,000 after acquiring an additional 3,800 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of CCC Intelligent Solutions in the 3rd quarter worth approximately $685,000. Institutional investors own 95.79% of the company’s stock.

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.