Dynamic Technology Lab Private Ltd bought a new position in Amdocs Limited (NASDAQ:DOX – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,299 shares of the technology company’s stock, valued at approximately $1,943,000.
Several other hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC grew its position in Amdocs by 2.1% during the 2nd quarter. Pzena Investment Management LLC now owns 6,551,065 shares of the technology company’s stock worth $597,719,000 after purchasing an additional 132,463 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Amdocs by 6.6% in the second quarter. LSV Asset Management now owns 3,391,510 shares of the technology company’s stock valued at $309,441,000 after purchasing an additional 211,009 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Amdocs by 38.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after buying an additional 648,693 shares during the period. American Century Companies Inc. grew its holdings in shares of Amdocs by 23.5% during the first quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock valued at $205,219,000 after buying an additional 426,911 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Amdocs by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,120,075 shares of the technology company’s stock valued at $193,978,000 after buying an additional 182,489 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.
Amdocs Stock Down 0.8%
Shares of Amdocs stock opened at $75.39 on Thursday. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.40 and a beta of 0.51. The stock has a 50-day simple moving average of $82.45 and a 200-day simple moving average of $86.98. Amdocs Limited has a 52-week low of $74.32 and a 52-week high of $95.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.
Amdocs Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a $0.527 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.8%. Amdocs’s dividend payout ratio is currently 41.58%.
Analysts Set New Price Targets
Several brokerages recently issued reports on DOX. Wall Street Zen downgraded Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Stifel Nicolaus decreased their price target on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a research report on Thursday, October 30th. Bank of America dropped their price objective on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Amdocs in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amdocs has an average rating of “Moderate Buy” and a consensus price target of $97.00.
View Our Latest Stock Report 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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