TFJ Management LLC Acquires New Stake in CCC Intelligent Solutions Holdings Inc. $CCCS

Key Points

• TFJ Management LLC has invested approximately $6.69 million in CCC Intelligent Solutions Holdings Inc., acquiring 741,310 shares, representing about 6.3% of its investment portfolio.
• Insiders at CCC Intelligent Solutions reported significant sales, with Directors Lauren Young and Eric Wei each selling 30 million shares, drastically reducing their ownership by 97.19%.
• Brokerages are mixed on CCC Intelligent Solutions, with stock ratings ranging from "buy" to "sell," and a consensus target price of $12.21.

TFJ Management LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 741,310 shares of the company's stock, valued at approximately $6,694,000. CCC Intelligent Solutions comprises approximately 6.3% of TFJ Management LLC's investment portfolio, making the stock its 6th largest holding. TFJ Management LLC owned 0.11% of CCC Intelligent Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCCS. T. Rowe Price Investment Management Inc. boosted its stake in shares of CCC Intelligent Solutions by 6.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock valued at $807,807,000 after purchasing an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. boosted its stake in CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company's stock worth $510,114,000 after purchasing an additional 5,103,835 shares during the period. Principal Financial Group Inc. boosted its position in CCC Intelligent Solutions by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company's stock worth $246,551,000 after acquiring an additional 363,944 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of CCC Intelligent Solutions by 30.7% during the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock worth $165,672,000 after purchasing an additional 4,313,296 shares during the last quarter. Finally, Akre Capital Management LLC lifted its holdings in CCC Intelligent Solutions by 23.5% during the 1st quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company's stock valued at $119,109,000 after purchasing an additional 2,508,986 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Trading Up 0.1%

CCC Intelligent Solutions stock traded up $0.0050 during trading hours on Thursday, reaching $9.8150. The company had a trading volume of 2,844,882 shares, compared to its average volume of 7,540,957. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company has a 50-day moving average price of $9.58 and a 200 day moving average price of $9.42. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 491.00 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced 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. The business had revenue of $260.45 million for 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 business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the transaction, the director directly owned 866,345 shares of the company's stock, valued at $8,550,825.15. The trade was a 97.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Crescenzo Neil E. De bought 100,000 shares of CCC Intelligent Solutions stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $8.54 per share, for a total transaction of $854,000.00. Following the completion of the purchase, the director directly owned 213,429 shares of the company's stock, valued at approximately $1,822,683.66. This trade represents a 88.16% increase in their position. The disclosure for this purchase can be found here. Insiders sold 60,005,302 shares of company stock valued at $592,251,748 over the last quarter. Company insiders own 6.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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. The Goldman Sachs Group lowered their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Barrington Research restated 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 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. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a research report on Monday, June 23rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.75.

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.