Seizert Capital Partners LLC Raises Stock Position in Amdocs Limited (NASDAQ:DOX)

Seizert Capital Partners LLC grew its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 19.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 490,655 shares of the technology company's stock after acquiring an additional 78,773 shares during the period. Amdocs comprises 1.9% of Seizert Capital Partners LLC's holdings, making the stock its 21st largest holding. Seizert Capital Partners LLC owned about 0.42% of Amdocs worth $42,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Amdocs during the third quarter worth $55,000. GAMMA Investing LLC boosted its stake in shares of Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company's stock valued at $70,000 after purchasing an additional 428 shares during the period. American National Bank bought a new position in shares of Amdocs during the second quarter valued at about $76,000. Blue Trust Inc. grew its position in shares of Amdocs by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company's stock worth $90,000 after buying an additional 174 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Amdocs by 37.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,175 shares of the technology company's stock valued at $190,000 after purchasing an additional 598 shares during the period. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

Amdocs stock traded down $1.73 during midday trading on Friday, reaching $83.98. 943,960 shares of the stock traded hands, compared to its average volume of 647,274. The stock has a market cap of $9.87 billion, a P/E ratio of 19.81, a PEG ratio of 1.39 and a beta of 0.74. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The stock's fifty day moving average is $88.16 and its 200-day moving average is $83.95. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Dividend Announcement

The business also recently declared 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 of this dividend 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 is presently 45.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DOX shares. StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Barclays reduced their price objective on shares of Amdocs from $113.00 to $111.00 and set an "overweight" rating for the company in a research note on Thursday. Stifel Nicolaus assumed coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They issued a "buy" rating and a $100.00 target price on the stock. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Amdocs currently has an average rating of "Moderate Buy" and an average price target of $101.83.

Amdocs 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.