Sei Investments Co. trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX – Free Report) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 569,787 shares of the technology company’s stock after selling 138,035 shares during the quarter. Sei Investments Co.’s holdings in Amdocs were worth $37,185,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of DOX. Scotia Capital Inc. grew its stake in Amdocs by 3.5% during the 3rd quarter. Scotia Capital Inc. now owns 4,289 shares of the technology company’s stock valued at $352,000 after purchasing an additional 145 shares in the last quarter. WealthCollab LLC raised its position in shares of Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares in the last quarter. Blair William & Co. IL raised its position in shares of Amdocs by 5.5% in the 3rd quarter. Blair William & Co. IL now owns 3,393 shares of the technology company’s stock valued at $278,000 after purchasing an additional 177 shares in the last quarter. Two Point Capital Management Inc. grew its position in shares of Amdocs by 0.7% during the fourth quarter. Two Point Capital Management Inc. now owns 28,978 shares of the technology company’s stock worth $2,333,000 after buying an additional 191 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Amdocs by 2.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 9,634 shares of the technology company’s stock worth $790,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.
Amdocs Price Performance
Shares of NASDAQ:DOX opened at $52.10 on Monday. The company’s fifty day moving average is $55.64 and its two-hundred day moving average is $65.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. Amdocs Limited has a 1-year low of $49.74 and a 1-year high of $90.29. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 0.91 and a beta of 0.41.
Amdocs Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.569 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.
Analysts Set New Price Targets
DOX has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. KeyCorp began coverage on shares of Amdocs in a research report on Monday, June 29th. They issued a “sector weight” rating for the company. Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.67.
About Amdocs
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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