Seizert Capital Partners LLC Boosts Holdings in Amdocs Limited (NASDAQ:DOX)

Seizert Capital Partners LLC grew its position in Amdocs Limited (NASDAQ:DOX) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,655 shares of the technology company’s stock after purchasing an additional 78,773 shares during the quarter. Amdocs comprises approximately 1.9% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Seizert Capital Partners LLC owned about 0.42% of Amdocs worth $42,922,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pzena Investment Management LLC grew its stake in Amdocs by 33.2% during the 2nd quarter. Pzena Investment Management LLC now owns 5,667,603 shares of the technology company’s stock worth $447,287,000 after buying an additional 1,412,826 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Amdocs by 36.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after acquiring an additional 851,022 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Amdocs by 39.5% during the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock valued at $183,771,000 after acquiring an additional 576,168 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Amdocs by 31.1% in the 2nd quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock valued at $178,335,000 after purchasing an additional 536,359 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Amdocs by 36.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,675,784 shares of the technology company’s stock worth $132,253,000 after purchasing an additional 444,966 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Down 2.0 %

Shares of DOX opened at $83.98 on Friday. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.42 and a beta of 0.74. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The stock’s 50-day moving average price is $88.16 and its 200-day moving average price is $83.95. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.28%. Amdocs’s dividend payout ratio is presently 45.05%.

Analysts Set New Price Targets

A number of research firms have issued reports on DOX. Oppenheimer raised their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barclays reduced 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. Finally, Stifel Nicolaus started coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.83.

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.