Raymond James Financial Inc. Sells 1,343,860 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• Raymond James Financial Inc. sold 1,343,860 shares of CCC Intelligent Solutions Holdings Inc., reducing its holdings by 50.8% to own approximately 1,300,653 shares valued at $11.7 million.
• Insider activity was significant as Director Eric Wei sold 30 million shares for a total of $296.1 million, significantly decreasing their stake by 97.19%.
• Analysts have mixed views on CCC Intelligent Solutions, with ratings ranging from Buy to Sell, while the consensus price target stands at $11.75.

Raymond James Financial Inc. decreased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 50.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,300,653 shares of the company's stock after selling 1,343,860 shares during the period. Raymond James Financial Inc. owned about 0.20% of CCC Intelligent Solutions worth $11,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CCCS. Vanguard Group Inc. grew its stake in shares of CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock valued at $510,114,000 after buying an additional 5,103,835 shares during the period. Jefferies Financial Group Inc. acquired a new position in CCC Intelligent Solutions during the fourth quarter worth about $58,080,000. Brown Advisory Inc. boosted its position in CCC Intelligent Solutions by 30.7% during the first quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock worth $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. London Co. of Virginia acquired a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at $39,252,000. Finally, Akre Capital Management LLC lifted its position in shares of CCC Intelligent Solutions by 23.5% during the first quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock worth $119,109,000 after purchasing an additional 2,508,986 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective on the stock. in a research note on Monday, June 23rd. Barclays increased their target price on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler restated a "hold" rating and issued a $10.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, August 14th. Finally, Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of "Hold" and a consensus price target of $11.75.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock traded up $0.14 during midday trading on Friday, hitting $9.80. 586,126 shares of the company were exchanged, compared to its average volume of 7,394,518. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market capitalization of $6.38 billion, a P/E ratio of 489.49 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The firm's 50 day moving average price is $9.72 and its two-hundred day moving average price is $9.34.

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

Insider Buying and Selling

In related news, CAO Rodney Christo sold 5,302 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was 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 of the company's stock, valued at $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,005,302 shares of company stock valued at $592,251,748 over the last ninety days. 6.03% of the stock is owned by corporate insiders.

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.