TD Asset Management Inc Has $41.70 Million Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• TD Asset Management Inc has reduced its stake in CCC Intelligent Solutions Holdings Inc by 9.9% during the 2nd quarter, now holding 4,431,876 shares valued at approximately $41.70 million.
• Analysts have mixed opinions on the stock, with price targets ranging from $10.00 to $14.00, while the average target price stands at $11.58.
• Insider trading activity shows significant sales, with Director Lauren Young selling 30 million shares for approximately $296.1 million, leading to a 97.19% decrease in her ownership stake.

TD Asset Management Inc trimmed its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,431,876 shares of the company's stock after selling 486,398 shares during the quarter. TD Asset Management Inc owned approximately 0.67% of CCC Intelligent Solutions worth $41,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CCC Intelligent Solutions by 6.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company's stock valued at $658,899,000 after buying an additional 4,100,954 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 9.9% during 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 last quarter. Principal Financial Group Inc. raised its stake in shares of CCC Intelligent Solutions by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock valued at $246,551,000 after acquiring an additional 363,944 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of CCC Intelligent Solutions by 30.7% in the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock valued at $165,672,000 after acquiring an additional 4,313,296 shares in the last quarter. Finally, Akre Capital Management LLC raised its stake in shares of CCC Intelligent Solutions by 23.5% in the 1st quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock valued at $119,109,000 after acquiring an additional 2,508,986 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCCS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded 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. Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Barclays cut their price objective on CCC Intelligent Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Piper Sandler reissued a "hold" rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions currently has an average rating of "Hold" and an average target price of $11.58.

CCC Intelligent Solutions Stock Down 5.6%

Shares of CCCS stock opened at $8.76 on Friday. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88. The firm has a market cap of $5.70 billion, a PE ratio of 438.22 and a beta of 0.72. The stock has a 50 day moving average of $9.54 and a 200-day moving average of $9.30. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

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

Insiders Place Their Bets

In other news, Director Lauren Young sold 30,000,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 5,302 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Insiders have sold 60,197,833 shares of company stock valued at $594,106,626 in the last three months. 6.03% of the stock is owned by corporate insiders.

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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