New York State Common Retirement Fund Has $29.95 Million Position in CCC Intelligent Solutions Holdings Inc. $CCCS

New York State Common Retirement Fund increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,182,899 shares of the company’s stock after buying an additional 586,801 shares during the quarter. New York State Common Retirement Fund owned 0.49% of CCC Intelligent Solutions worth $29,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CCC Intelligent Solutions during the 2nd quarter worth approximately $25,000. Park Place Capital Corp raised its holdings in shares of CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of CCC Intelligent Solutions in the first quarter worth $37,000. AlphaQuest LLC acquired a new position in CCC Intelligent Solutions during the first quarter worth $47,000. Finally, First Horizon Advisors Inc. boosted its holdings in CCC Intelligent Solutions by 134.8% during the second quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock worth $60,000 after purchasing an additional 3,679 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Activity at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the transaction, the insider directly owned 157,478 shares of the company’s stock, valued at approximately $1,510,214.02. The trade was a 48.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCCS shares. Barclays lowered their price target 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. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Piper Sandler dropped their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a research report on Thursday, October 30th. Finally, Stifel Nicolaus decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions Stock Up 1.8%

Shares of CCCS stock opened at $7.45 on Monday. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 372.69 and a beta of 0.72. The firm’s 50-day moving average is $8.50 and its 200-day moving average is $9.13. 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 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. The business had revenue of $267.12 million during the quarter, compared to analysts’ expectations of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.CCC Intelligent Solutions’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

CCC Intelligent Solutions 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.