Q4 2024 EPS Estimates for CCC Intelligent Solutions Holdings Inc. Raised by Analyst (NYSE:CCCS)

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) – Stock analysts at William Blair upped their Q4 2024 earnings per share estimates for CCC Intelligent Solutions in a research note issued on Wednesday, July 31st. William Blair analyst D. Becker now expects that the company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for CCC Intelligent Solutions’ current full-year earnings is $0.15 per share.

Several other analysts have also weighed in on CCCS. Jefferies Financial Group lowered their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.63.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock opened at $10.22 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The firm has a market cap of $6.37 billion, a P/E ratio of -48.67 and a beta of 0.62. CCC Intelligent Solutions has a fifty-two week low of $9.97 and a fifty-two week high of $13.41. The business has a 50-day moving average price of $11.25 and a 200 day moving average price of $11.37.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $232.60 million for the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share.

Insider Transactions at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 4,177 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian Herb sold 20,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the sale, the insider now owns 217,872 shares of the company’s stock, valued at $2,231,009.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,802,280 shares of company stock worth $772,070,710. Company insiders own 6.67% of the company’s stock.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCCS. Raymond James & Associates increased its holdings in shares of CCC Intelligent Solutions by 248.7% in the fourth quarter. Raymond James & Associates now owns 556,556 shares of the company’s stock valued at $6,339,000 after buying an additional 396,928 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at $457,000. Fifth Third Bancorp increased its holdings in shares of CCC Intelligent Solutions by 265.7% in the fourth quarter. Fifth Third Bancorp now owns 25,432 shares of the company’s stock valued at $290,000 after buying an additional 18,477 shares in the last quarter. Trust Point Inc. bought a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at $660,000. Finally, Arizona State Retirement System increased its holdings in shares of CCC Intelligent Solutions by 31.8% in the fourth quarter. Arizona State Retirement System now owns 58,938 shares of the company’s stock valued at $671,000 after buying an additional 14,213 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

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.