SG Americas Securities LLC acquired a new position in shares of Amdocs Limited (NASDAQ:DOX – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 22,534 shares of the technology company’s stock, valued at approximately $1,471,000.
A number of other hedge funds have also made changes to their positions in DOX. WealthCollab LLC lifted its position in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after acquiring an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Amdocs during the fourth quarter worth approximately $37,000. Los Angeles Capital Management LLC purchased a new stake in shares of Amdocs during the fourth quarter worth approximately $39,000. Advisory Services Network LLC acquired a new position in Amdocs in the 3rd quarter valued at $42,000. Finally, CIBC Private Wealth Group LLC raised its stake in Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.
Amdocs Stock Performance
NASDAQ DOX opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s fifty day moving average is $59.12 and its two-hundred day moving average is $68.18. The firm has a market capitalization of $5.59 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. Amdocs Limited has a fifty-two week low of $49.79 and a fifty-two week high of $93.44.
Amdocs Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 45.60%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Cfra downgraded shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Stifel Nicolaus lowered their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, KeyCorp started coverage on shares of Amdocs in a research note on Monday. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.67.
Check Out Our Latest Report on Amdocs
Amdocs Profile
Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.
Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.
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