Banque Cantonale Vaudoise Has $2.03 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Banque Cantonale Vaudoise raised its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 37.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,189 shares of the technology company's stock after acquiring an additional 6,296 shares during the quarter. Banque Cantonale Vaudoise's holdings in Amdocs were worth $2,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Amdocs during the third quarter worth $55,000. GAMMA Investing LLC lifted its holdings in shares of Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company's stock valued at $70,000 after buying an additional 428 shares during the last quarter. American National Bank bought a new stake in shares of Amdocs in the 2nd quarter valued at approximately $76,000. Meeder Asset Management Inc. acquired a new position in Amdocs in the third quarter worth approximately $77,000. Finally, Blue Trust Inc. increased its stake in shares of Amdocs by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company's stock worth $90,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

NASDAQ DOX opened at $83.73 on Thursday. The stock has a market capitalization of $9.84 billion, a PE ratio of 19.75, a P/E/G ratio of 1.37 and a beta of 0.74. The stock has a 50-day simple moving average of $88.07 and a 200 day simple moving average of $83.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.20. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.29%. Amdocs's dividend payout ratio is 45.28%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DOX. StockNews.com cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Thursday, November 14th. Stifel Nicolaus assumed coverage on Amdocs in a research note on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price target for the company. Barclays cut their price objective on Amdocs from $113.00 to $111.00 and set an "overweight" rating on the stock in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their target price on Amdocs from $98.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.