Crossmark Global Holdings Inc. Sells 3,340 Shares of Amdocs Limited (NASDAQ:DOX)

Crossmark Global Holdings Inc. cut its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,216 shares of the technology company’s stock after selling 3,340 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.13% of Amdocs worth $12,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Liberty One Investment Management LLC raised its position in Amdocs by 2.5% in the 4th quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock valued at $18,002,000 after buying an additional 5,252 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Amdocs by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock worth $327,000 after purchasing an additional 264 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Amdocs by 15.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock worth $69,646,000 after purchasing an additional 107,349 shares in the last quarter. Steph & Co. increased its stake in Amdocs by 14.4% in the 4th quarter. Steph & Co. now owns 6,649 shares of the technology company’s stock valued at $566,000 after buying an additional 837 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Amdocs by 11.1% during the 4th quarter. Fulton Bank N.A. now owns 4,482 shares of the technology company’s stock worth $382,000 after buying an additional 449 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Trading Up 0.2 %

Shares of Amdocs stock opened at $84.89 on Tuesday. The stock has a market capitalization of $9.58 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.42 and a beta of 0.71. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is $85.87 and its 200 day simple moving average is $85.96.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s payout ratio is currently 45.28%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOX. Oppenheimer increased their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays decreased their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus began coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target on the stock. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Profile

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.