SG Americas Securities LLC trimmed its holdings in Amdocs Limited (NASDAQ:DOX – Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,782 shares of the technology company’s stock after selling 6,492 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Amdocs worth $5,090,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its holdings in Amdocs by 8.3% in the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after buying an additional 127,426 shares during the period. Mirabella Financial Services LLP boosted its position in shares of Amdocs by 204.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 9,600 shares during the period. Victory Capital Management Inc. grew its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after buying an additional 9,098 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Amdocs by 34.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock valued at $12,733,000 after acquiring an additional 37,516 shares in the last quarter. Finally, Dudley & Shanley Inc. increased its stake in Amdocs by 7.6% during the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock worth $22,905,000 after purchasing an additional 18,600 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Barclays dropped their price objective 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. Oppenheimer increased their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus began coverage on Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amdocs has an average rating of “Moderate Buy” and a consensus price target of $101.20.
Amdocs Stock Performance
Shares of DOX stock opened at $85.28 on Friday. The stock’s 50-day moving average price is $85.69 and its 200 day moving average price is $86.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $9.63 billion, a PE ratio of 20.11, a price-to-earnings-growth 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.
Amdocs Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. 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.
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