JPMorgan Chase & Co. Sells 397,953 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

JPMorgan Chase & Co. reduced its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,467,418 shares of the company’s stock after selling 397,953 shares during the quarter. JPMorgan Chase & Co. owned about 0.84% of CCC Intelligent Solutions worth $49,808,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of CCC Intelligent Solutions by 40.4% during the first 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 holdings in CCC Intelligent Solutions by 68.0% during the first quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock worth $394,000 after buying an additional 17,633 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 buying an additional 2,844,773 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $11,126,000 after buying an additional 74,208 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of CCC Intelligent Solutions by 179.6% during 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 during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Up 25.3%

Shares of CCCS stock opened at $6.34 on Friday. 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 company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 317.16 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a 50-day simple moving average of $7.14 and a two-hundred day simple moving average of $8.18.

Wall Street Analysts Forecast Growth

CCCS has been the topic of a number of analyst reports. Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Stifel Nicolaus lowered their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Piper Sandler dropped their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.38.

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.