JPMorgan Chase & Co. Has $49.81 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

JPMorgan Chase & Co. decreased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,467,418 shares of the company’s stock after selling 397,953 shares during the period. JPMorgan Chase & Co.’s holdings in CCC Intelligent Solutions were worth $49,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in CCC Intelligent Solutions by 40.4% in 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 in the last quarter. 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 valued at $394,000 after buying an additional 17,633 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CCC Intelligent Solutions by 1,761.7% in 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 boosted its stake in shares of CCC Intelligent Solutions by 6.4% during the 1st 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 acquiring an additional 74,208 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of CCC Intelligent Solutions by 179.6% during the 1st quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock worth $6,137,000 after acquiring an additional 436,561 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $11.00 price objective on CCC Intelligent Solutions in a research note on Thursday, October 30th. Stifel Nicolaus dropped their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Piper Sandler decreased their price objective on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Four investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions Stock Performance

Shares of NYSE CCCS opened at $6.34 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $7.14 and its two-hundred day moving average is $8.18. The company has a market cap of $4.13 billion, a P/E ratio of 317.16 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88.

CCC Intelligent Solutions 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.