JP Morgan recently initiated coverage of CCC Intelligent Solutions Holdings (NYSE:CCCS) with an overweight recommendation. The average one-year price target for CCCS is $12.01, representing an increase of 34.83% from its latest reported closing price of $8.91. However, some shareholders have not made any moves in the last quarter, including the Wells Fargo Factor Enhanced Large Cap Portfolio and the QCEQRX Equity Index Account Class R1, who hold 0.01% of the company's stock. Also, Hillhouse Capital Advisors holds 0.03% of the stock.

Furthermore, Fort Washington Investment Advisors recently acquired 1,284,380 CCCS shares for $11,174,000, and other hedge funds have recently altered their positions too. Point72 Asset Management increased its holdings in the company by 1.2%, while The Manufacturers Life Insurance Company raised its position by 17.3%, and Credit Suisse AG by 2.8%. Pearl River Capital LLC increased its holdings by 14.1%, and Quantbot Technologies LP by 252.1%.

Despite JP Morgan's endorsement, investors should weigh their options carefully before investing in CCCS.