Signature Estate & Investment Advisors LLC decreased its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,411 shares of the technology company's stock after selling 10,950 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in Amdocs were worth $2,048,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DOX. Avantax Advisory Services Inc. lifted its holdings in Amdocs by 15.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,839 shares of the technology company's stock valued at $708,000 after purchasing an additional 1,024 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Amdocs by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company's stock worth $16,030,000 after purchasing an additional 12,178 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Amdocs by 4.7% during the first quarter. Orion Portfolio Solutions LLC now owns 32,594 shares of the technology company's stock worth $2,946,000 after purchasing an additional 1,451 shares during the last quarter. Councilmark Asset Management LLC acquired a new stake in shares of Amdocs in the first quarter valued at $202,000. Finally, Vanguard Group Inc. raised its holdings in shares of Amdocs by 39.5% in the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company's stock valued at $183,771,000 after buying an additional 576,168 shares during the last quarter. 92.02% of the stock is owned by institutional investors.
Amdocs Stock Performance
Shares of DOX traded down $1.73 during trading hours on Friday, hitting $83.98. The company had a trading volume of 943,960 shares, compared to its average volume of 683,137. The business has a fifty day moving average of $88.18 and a 200-day moving average of $83.96. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.42 and a beta of 0.74. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04.
Amdocs Dividend Announcement
The business 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 dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs's payout ratio is presently 45.28%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on DOX shares. Oppenheimer upped their price target on Amdocs from $98.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday. Stifel Nicolaus began coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price target for the company. Barclays reduced their price objective on shares of Amdocs from $113.00 to $111.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Amdocs has an average rating of "Moderate Buy" and an average price target of $101.83.
Check Out Our Latest Analysis on DOX
Amdocs Profile
(
Free Report)
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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