Wasatch Advisors LP Has $3.39 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Wasatch Advisors LP boosted its holdings in shares of Amdocs Limited (NASDAQ:DOXFree Report) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,784 shares of the technology company’s stock after buying an additional 1,574 shares during the period. Wasatch Advisors LP’s holdings in Amdocs were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DOX. Pzena Investment Management LLC increased its holdings in shares of Amdocs by 12.3% in the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock valued at $556,700,000 after purchasing an additional 696,136 shares during the period. LSV Asset Management increased its stake in Amdocs by 7.9% in the 2nd quarter. LSV Asset Management now owns 3,207,155 shares of the technology company’s stock valued at $253,109,000 after buying an additional 234,096 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Amdocs by 36.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock worth $277,818,000 after buying an additional 851,022 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of Amdocs by 31.1% during 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 buying an additional 536,359 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Amdocs by 7.9% during the 2nd quarter. American Century Companies Inc. now owns 1,991,086 shares of the technology company’s stock valued at $157,137,000 after acquiring an additional 145,757 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 0.5 %

Shares of DOX stock opened at $86.72 on Friday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a market cap of $10.19 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $88.08 and its two-hundred day moving average is $84.09.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.21%. Amdocs’s dividend payout ratio (DPR) is presently 45.05%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DOX. Oppenheimer increased their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays decreased their target price 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. Finally, Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.83.

Check Out Our Latest Research Report on Amdocs

Amdocs Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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