Ashton Thomas Private Wealth LLC Grows Position in Amdocs Limited (NASDAQ:DOX)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 21.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,332 shares of the technology company’s stock after acquiring an additional 3,412 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Amdocs were worth $1,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOX. Catalyst Capital Advisors LLC purchased a new position in shares of Amdocs during the third quarter valued at about $55,000. GAMMA Investing LLC grew its holdings in Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after buying an additional 428 shares in the last quarter. American National Bank bought a new stake in Amdocs in the 2nd quarter worth approximately $76,000. Blue Trust Inc. raised its holdings in shares of Amdocs by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after acquiring an additional 174 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Amdocs by 24.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company’s stock valued at $175,000 after acquiring an additional 440 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $92.71 on Wednesday. The firm’s 50 day simple moving average is $88.04 and its 200-day simple moving average is $83.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The firm has a market cap of $10.90 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.49 and a beta of 0.74.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOX. StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus began coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $102.00.

Amdocs 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.