Dudley & Shanley Inc. Has $19.19 Million Stock Position in Amdocs Limited (NASDAQ:DOX)

Dudley & Shanley Inc. trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,381 shares of the technology company's stock after selling 36,445 shares during the quarter. Amdocs comprises 3.0% of Dudley & Shanley Inc.'s portfolio, making the stock its 17th largest position. Dudley & Shanley Inc. owned approximately 0.20% of Amdocs worth $19,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DOX. Private Trust Co. NA increased its stake in shares of 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 purchasing an additional 117 shares during the period. Brooklyn Investment Group bought a new position in Amdocs in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Amdocs in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC raised its stake in 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 acquiring an additional 428 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Amdocs during the 3rd quarter worth $77,000. Institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

NASDAQ DOX traded up $0.01 on Friday, reaching $84.17. The company's stock had a trading volume of 473,610 shares, compared to its average volume of 505,555. The firm's 50 day moving average is $87.11 and its two-hundred day moving average is $85.39. The stock has a market cap of $9.50 billion, a PE ratio of 19.85, a PEG ratio of 1.45 and a beta of 0.71. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs's payout ratio is 45.05%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOX. Stifel Nicolaus began coverage on Amdocs in a report on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price target on the stock. StockNews.com cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Thursday, November 14th. Barclays reduced their price target on shares of Amdocs from $113.00 to $111.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Finally, Oppenheimer raised their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Amdocs presently has a consensus rating of "Moderate Buy" and an average price target of $101.20.

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.