Fort Washington Investment Advisors Inc. OH Trims Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Fort Washington Investment Advisors Inc. OH has reduced its stake in CCC Intelligent Solutions by 6.7%, now holding approximately 1.72 million shares valued at $16.2 million as of the latest SEC filing.
• Recent analyst ratings for CCC Intelligent Solutions show a mix of sentiments, with Barclays raising the price target to $12.00 and JPMorgan downgrading it to $10.00.
• Insiders at CCC Intelligent Solutions have sold a substantial amount of stock, including a 30 million share sale by Director Lauren Young, decreasing her ownership by 97.19%.

Fort Washington Investment Advisors Inc. OH lowered its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,722,442 shares of the company's stock after selling 122,981 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.26% of CCC Intelligent Solutions worth $16,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in CCC Intelligent Solutions during the 1st quarter worth approximately $37,000. AlphaQuest LLC purchased a new stake in shares of CCC Intelligent Solutions in the first quarter worth $47,000. SVB Wealth LLC bought a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $60,000. Advisors Asset Management Inc. raised its position in shares of CCC Intelligent Solutions by 40.4% during the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock valued at $60,000 after purchasing an additional 1,898 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of CCC Intelligent Solutions by 28.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 9,321 shares of the company's stock valued at $83,000 after buying an additional 2,063 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCCS has been the subject of a number of analyst reports. Barclays increased their price target on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler reiterated a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CCC Intelligent Solutions presently has an average rating of "Hold" and an average price target of $11.75.

CCC Intelligent Solutions Trading Up 1.2%

Shares of CCCS stock opened at $9.31 on Monday. The stock's 50-day moving average price is $9.70 and its 200-day moving average price is $9.29. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 465.73 and a beta of 0.74. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 866,345 shares in the company, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $9.76, for a total transaction of $51,747.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,197,833 shares of company stock valued at $594,106,626. Corporate insiders own 6.03% of the company's stock.

About CCC Intelligent Solutions

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.

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