Healthcare of Ontario Pension Plan Trust Fund Invests $131,000 in Amdocs Limited (NASDAQ:DOX)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Amdocs Limited (NASDAQ:DOX) during the third quarter, HoldingsChannel reports. The firm bought 1,493 shares of the technology company’s stock, valued at approximately $131,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after acquiring an additional 117 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Amdocs in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Amdocs during the third quarter worth about $55,000. GAMMA Investing LLC increased its position in Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after buying an additional 428 shares during the last quarter. Finally, American National Bank bought a new stake in Amdocs in the second quarter valued at approximately $76,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $87.69 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.45 and a beta of 0.74. The stock’s fifty day moving average price is $88.11 and its two-hundred day moving average price is $84.14. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.18%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DOX. Stifel Nicolaus initiated coverage on Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price on the stock. 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 report on Thursday, November 14th. Oppenheimer increased their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Company 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.