Amdocs Limited (NASDAQ:DOX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 478,137 shares of the technology company's stock after buying an additional 9,098 shares during the period. Victory Capital Management Inc. owned about 0.41% of Amdocs worth $41,827,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pzena Investment Management LLC boosted its stake in shares of Amdocs by 33.2% in the 2nd quarter. Pzena Investment Management LLC now owns 5,667,603 shares of the technology company's stock valued at $447,287,000 after buying an additional 1,412,826 shares during the period. LSV Asset Management raised its holdings in Amdocs by 7.9% in the second quarter. LSV Asset Management now owns 3,207,155 shares of the technology company's stock valued at $253,109,000 after acquiring an additional 234,096 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Amdocs by 36.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company's stock worth $277,818,000 after acquiring an additional 851,022 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Amdocs by 31.1% during the 2nd quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company's stock worth $178,335,000 after acquiring an additional 536,359 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Amdocs by 39.5% in the 1st quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company's stock valued at $183,771,000 after purchasing an additional 576,168 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Price Performance

Shares of Amdocs stock traded down $1.73 on Friday, hitting $83.98. The company's stock had a trading volume of 943,960 shares, compared to its average volume of 683,137. The firm has a fifty day moving average price of $88.16 and a 200-day moving average price of $83.95. The company has a market capitalization of $9.87 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued 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 2.28%. Amdocs's dividend payout ratio (DPR) is 45.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Amdocs from $113.00 to $111.00 and set an "overweight" rating for the company in a research report on Thursday. Stifel Nicolaus started coverage on Amdocs in a research report on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price objective for the company. Oppenheimer increased their price objective on Amdocs from $98.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $101.83.

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.