Janus Henderson Group PLC Boosts Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Janus Henderson Group PLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,625,875 shares of the technology company’s stock after acquiring an additional 111,357 shares during the period. Janus Henderson Group PLC owned approximately 5.64% of Amdocs worth $579,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp increased its holdings in shares of Amdocs by 17.0% in the 2nd 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 during the period. SG Americas Securities LLC grew 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 purchasing an additional 124,122 shares in the last quarter. Sargent Investment Group LLC acquired a new position in shares of Amdocs in the 2nd quarter valued at $289,000. BDF Gestion purchased a new stake in Amdocs in the 2nd quarter worth about $833,000. Finally, Raymond James & Associates raised its stake in shares of Amdocs by 15.8% in the 2nd quarter. Raymond James & Associates now owns 457,477 shares of the technology company’s stock valued at $36,104,000 after acquiring an additional 62,460 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Trading Up 1.1 %

DOX opened at $87.69 on Tuesday. The firm’s fifty day moving average price is $88.11 and its 200 day moving average price is $84.14. The stock has a market capitalization of $10.31 billion, a PE ratio of 20.68, a P/E/G ratio of 1.45 and a beta of 0.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 payout ratio is 45.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Oppenheimer lifted their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus assumed coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective for the company. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Barclays dropped their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Amdocs presently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.