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Top related persons:
Morgan Stanley - 3 Josh Baer - 1 Baer - 1 Oppenheimer - 1 William M - 1 Brown - 1 reallocating - 1 Wells - 1
Top related locs:
3Q24 FCF Southeast Singapore Bengaluru Yantoultra New York
Top related orgs:
CCC - 2 Services - 2 Thomson - 2 Insurance - 1 Caterpillar - 1 CAT - 1 UBS - 1 DTC - 1

Search resuls for: "CCCS"


5 mentions found


☆ Morgan Stanley upgrades AI play on the insurance industry, sees 30% rally
  + stars: | 2024-11-13 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
It is time to consider scooping up shares of a little-known software play, according to Morgan Stanley. CCC is a software as a service provider specializing in the property-casualty insurance sector and working with insurers and collision repairers. CCCS YTD mountain Shares this year "CCCS is a market share leader, positioned to capture value digitizing and automating the [property and casualty] Insurance industry," Baer wrote. "Established solutions, ramping emerging solutions and AI help to sustain high-single-digit growth." CCC's shares have also underperformed those of its vertical software peers, offering an attractive valuation discount and entry point relative to competitors, the analyst noted.
Persons: Morgan Stanley, Josh Baer, Baer Organizations: CCC, Services, Insurance
☆ Here are Wednesday's biggest analyst calls: Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, Target and more
  + stars: | 2024-11-13 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Evercore ISI downgrades Caterpillar to in line from outperform The firm said it sees earnings per share risk for Caterpillar. Barclays reiterates Instacart as overweight The firm said it is sticking with its overweight rating following earnings. " Telsey reiterates Target as outperform Telsey says it is sticking with its outperform rating on Target ahead of earnings next week. Jefferies reiterates Netflix as buy The firm said the latest report of monthly active users for Netflix weakens the bear case. " TD Cowen reiterates Cava as buy The firm said Cava had a "flawless" third quarter.
Persons: Oppenheimer, William M, Brown, reallocating, Wells, Morgan Stanley, Telsey, Salesforce, verticals, Jefferies, Piper Sandler, Wedbush, Tesla, Donald Trump, Elon Musk, TD Cowen, Cava Organizations: Caterpillar, CAT, UBS, DTC, Bank United, Bank, Solutions Holdings, C Insurance, Barclays, CART, Starbucks, Bank of America, Netflix, MAUs, Micron, Apple, ISI, Services, Department of Government, White, Trump Locations: 3Q24, FCF
☆ Singapore regulator raises concern on Grab plan to buy Trans-cab
  + stars: | 2023-10-16 | by ( Himanshi Akhand Yantoultra Ngui | Himanshi Akhand | Yantoultra Ngui | ) www.reuters.com   time to read: +3 min
The commission said it needed to review the impact on competition of the proposed acquisition in greater detail. "This means that Trans-cab drivers will continue to have the flexibility to earn through multiple ride-hailing platforms and pick up streethail rides," the Grab spokesperson added. The Grab spokesperson said both Grab and Trans-cab were committed to ensuring the benefits of an acquisition to commuters and they would help raise the overall standards of the industry. "Digitalising Trans-cab's fleet will improve driver productivity and taxi availability so that consumers can get a ride more easily," the Grab spokesperson said. The proposed acquisition comes as Singapore saw M&A activity fall 69% year-on-year in the first nine months of this year, according to LSEG data.
Persons: CCCS, Himanshi, Varun, Robert Birsel Organizations: Consumer Commission of Singapore, Transport Authority, Nasdaq, Trans, Thomson Locations: Southeast, Singapore, Bengaluru, Yantoultra
☆ Exclusive: Advent explores sale of car insurance software vendor CCC
  + stars: | 2023-09-15 | by ( Milana Vinn | Thomson Reuters | Milana Vinn Reports On Technology | ) www.reuters.com   time to read: +1 min
CCC shares jumped on the news in afterhours trading in New York on Friday, rising 8.6% to $12.50. Founded in 1980, CCC provides software to 35,0000 companies involved in automotive claims and collision repair, including insurance firms, parts suppliers and car manufacturers. Advent, which acquired CCC from private equity firms TPG Inc (TPG.O) and Leonard Green & Partners in 2017, took CCC public through a merger with a blank-check company in 2021 at a $6.5 billion equity valuation. CCC shares have risen 32% year-to-date, more than the broader market but less than the S&P 500 software application index, which has risen 43%. CCC suffered from a drop in car insurance claims during the COVID-19 pandemic but has since seen business gradually recover.
Persons: Morgan Stanley, Leonard Green, Milana Vinn, Diane Craft Organizations: Intelligent Solutions Holdings Inc, Investment, TPG Inc, Leonard Green & Partners, CCC, Thomson Locations: New York
☆ Analysis: Clock ticking for loan market as Libor nears its end
  + stars: | 2023-02-16 | by ( John Mccrank | ) www.reuters.com   time to read: +5 min
REUTERS/Dado Ruvic/IllustrationNEW YORK, Feb 16 (Reuters) - It's crunch time for the corporate loan market. "The shot clock is on," said Tal Reback, who leads KKR's global Libor transition efforts. The Libor transition began in 2017 and had been smooth until 2022, when rising interest rates, decades-high inflation, Russia's war on Ukraine and recessionary fears rocked markets. "The new issue market shut down," said Ian Walker, head of legal innovation at financial information provider Covenant Review. Libor was phased out for new contracts at the end of 2021, though most existing U.S. dollar-denominated contracts have until June 30 to switch.
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