Granite Investment Partners LLC Trims Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Granite Investment Partners LLC cut its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 28.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 564,399 shares of the company’s stock after selling 226,348 shares during the quarter. Granite Investment Partners LLC’s holdings in CCC Intelligent Solutions were worth $5,142,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CCCS. Vestmark Advisory Solutions Inc. purchased a new position in shares of CCC Intelligent Solutions during the 3rd quarter valued at approximately $134,000. Synovus Financial Corp raised its holdings in CCC Intelligent Solutions by 16.5% in the third quarter. Synovus Financial Corp now owns 329,957 shares of the company’s stock valued at $3,006,000 after acquiring an additional 46,849 shares in the last quarter. Vanguard Group Inc. boosted its stake in CCC Intelligent Solutions by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 65,902,505 shares of the company’s stock valued at $600,372,000 after acquiring an additional 5,651,113 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in CCC Intelligent Solutions by 1.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 216,385 shares of the company’s stock worth $1,971,000 after acquiring an additional 2,357 shares in the last quarter. Finally, MQS Management LLC acquired a new position in CCC Intelligent Solutions during the 3rd quarter worth $148,000. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $5.09 on Monday. The company has a market cap of $3.31 billion, a P/E ratio of 254.63 and a beta of 0.72. The business has a 50 day moving average of $7.33 and a two-hundred day moving average of $8.28. 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 quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

CCCS has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Jefferies Financial Group set a $11.00 price objective on CCC Intelligent Solutions in a research note on Thursday, October 30th. Stifel Nicolaus reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Piper Sandler lowered their price target on 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 research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Hold” and a consensus price target 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.