Massachusetts Financial Services Co. MA Decreases Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Massachusetts Financial Services Co. MA lowered its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 28.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,275,222 shares of the company’s stock after selling 1,739,192 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in CCC Intelligent Solutions were worth $38,947,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCCS. Advisors Asset Management Inc. boosted its position in CCC Intelligent Solutions by 40.4% during the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock worth $60,000 after purchasing an additional 1,898 shares during the period. NewEdge Advisors LLC raised its position in CCC Intelligent Solutions by 68.0% in the first quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock valued at $394,000 after purchasing an additional 17,633 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of CCC Intelligent Solutions by 1,761.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after purchasing an additional 2,844,773 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CCC Intelligent Solutions by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company’s stock worth $11,126,000 after buying an additional 74,208 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of CCC Intelligent Solutions by 179.6% in the first quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock valued at $6,137,000 after buying an additional 436,561 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CCCS shares. Piper Sandler reduced their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Stifel Nicolaus dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barclays reduced their target price on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, October 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Trading Down 2.0%

CCC Intelligent Solutions stock opened at $7.84 on Thursday. The company has a market cap of $5.11 billion, a P/E ratio of 392.20 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. 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’s 50-day moving average is $7.72 and its 200-day moving average is $8.81.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $267.12 million during the quarter, compared to analyst estimates of $265.01 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.