State of Alaska Department of Revenue Sells 9,948 Shares of Amdocs Limited (NASDAQ:DOX)

State of Alaska Department of Revenue reduced its position in shares of Amdocs Limited (NASDAQ:DOX) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,180 shares of the technology company’s stock after selling 9,948 shares during the quarter. State of Alaska Department of Revenue owned about 0.10% of Amdocs worth $9,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DOX. Private Trust Co. NA lifted its holdings in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group bought a new position in shares of Amdocs in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Amdocs during the third quarter worth $55,000. GAMMA Investing LLC increased its holdings in Amdocs by 115.1% in the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after purchasing an additional 428 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Amdocs in the third quarter valued at about $77,000. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOX shares. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Oppenheimer upped their target price on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays decreased their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $101.20.

Amdocs Trading Down 2.5 %

DOX opened at $85.96 on Friday. The firm’s fifty day simple moving average is $85.98 and its 200 day simple moving average is $86.41. The stock has a market capitalization of $9.70 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.47 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.69% and a net margin of 9.85%. As a group, research analysts anticipate that Amdocs Limited will post 6.19 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.45%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is 45.28%.

Amdocs Company 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.