Raymond James & Associates increased its holdings in shares of Amdocs Limited (NASDAQ:DOX – Free Report) by 9.5% during the third quarter, Holdings Channel.com reports. The fund owned 501,104 shares of the technology company’s stock after buying an additional 43,627 shares during the period. Raymond James & Associates’ holdings in Amdocs were worth $43,837,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Wasatch Advisors LP acquired a new stake in shares of Amdocs in the first quarter valued at about $1,943,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Amdocs by 7.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock valued at $16,030,000 after acquiring an additional 12,178 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Amdocs by 17.0% in the second quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock valued at $48,803,000 after acquiring an additional 89,726 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Amdocs by 402.4% in the second quarter. SG Americas Securities LLC now owns 154,968 shares of the technology company’s stock worth $12,230,000 after acquiring an additional 124,122 shares during the last quarter. Finally, Sargent Investment Group LLC purchased a new stake in shares of Amdocs during the second quarter worth approximately $289,000. Institutional investors and hedge funds own 92.02% of the company’s stock.
Amdocs Trading Down 0.7 %
Shares of DOX opened at $89.68 on Wednesday. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The firm has a market capitalization of $10.54 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.42 and a beta of 0.74. The firm has a 50-day moving average price of $86.72 and a 200 day moving average price of $83.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.
Amdocs Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be given a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.14%. Amdocs’s dividend payout ratio is currently 42.92%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amdocs presently has a consensus rating of “Buy” and a consensus target price of $102.00.
View Our Latest Stock Analysis on DOX
About Amdocs
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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