C WorldWide Group Holding A S lessened its position in Amdocs Limited (NASDAQ:DOX – Free Report) by 47.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,165 shares of the technology company’s stock after selling 18,194 shares during the period. C WorldWide Group Holding A S’s holdings in Amdocs were worth $1,019,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. WealthCollab LLC increased its position in shares of Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Amdocs during the fourth quarter worth about $37,000. Los Angeles Capital Management LLC bought a new stake in Amdocs during the fourth quarter worth about $39,000. Advisory Services Network LLC bought a new position in shares of Amdocs in the third quarter valued at approximately $42,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after acquiring an additional 390 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.
Amdocs Price Performance
Shares of DOX stock opened at $59.97 on Wednesday. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.08 and a beta of 0.42. Amdocs Limited has a 12 month low of $49.74 and a 12 month high of $86.11. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $56.62 and a 200 day moving average price of $60.76.
Amdocs Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.569 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 30th. Amdocs’s dividend payout ratio (DPR) is currently 54.29%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Wednesday, August 5th. KeyCorp began coverage on shares of Amdocs in a research report on Monday, June 29th. They set a “sector weight” rating on the stock. Stifel Nicolaus decreased their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.67.
Read Our Latest Research Report on Amdocs
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.
Featured Articles
- Five stocks we like better than Amdocs
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX – Free Report).
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.
