741,310 Shares in CCC Intelligent Solutions Holdings Inc. $CCCS Bought by TFJ Management LLC

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 acquired a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 holdings, making the stock its 6th largest position. TFJ Management LLC owned 0.11% of CCC Intelligent Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCCS. T. Rowe Price Investment Management Inc. grew its position in CCC Intelligent Solutions by 6.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after acquiring an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 5,103,835 shares in the last quarter. Principal Financial Group Inc. lifted 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 purchasing an additional 363,944 shares during the last quarter. Brown Advisory Inc. boosted its holdings in CCC Intelligent Solutions by 30.7% in the first 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 in the last quarter. Finally, Akre Capital Management LLC boosted its holdings in CCC Intelligent Solutions by 23.5% in 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. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS traded up $0.0350 during mid-day trading on Wednesday, hitting $9.8250. 4,040,835 shares of the company's stock traded hands, compared to its average volume of 7,555,918. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 491.50 and a beta of 0.74. The firm has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.42. 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 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 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 forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at CCC Intelligent Solutions

In related news, Director Crescenzo Neil E. De purchased 100,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $8.54 per share, for a total transaction of $854,000.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Wei sold 30,000,000 shares of the business'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 transaction, the director owned 866,345 shares in the company, valued at approximately $8,550,825.15. The trade was a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,005,302 shares of company stock valued at $592,251,748 in the last quarter. Company insiders own 6.03% of the company's stock.

Wall Street Analysts Forecast Growth

CCCS has been the topic of several recent research reports. Piper Sandler restated a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Barclays increased their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. 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 restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, August 4th. Finally, The Goldman Sachs Group lowered their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.75.

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.