Sawgrass Asset Management LLC Has $665,000 Stock Position in Amdocs Limited (NASDAQ:DOX)

Sawgrass Asset Management LLC reduced its position in Amdocs Limited (NASDAQ:DOX) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,571 shares of the technology company’s stock after selling 2,031 shares during the period. Sawgrass Asset Management LLC’s holdings in Amdocs were worth $665,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Amdocs during the 4th quarter valued at about $25,000. Operose Advisors LLC grew its position in Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Oakworth Capital Inc. purchased a new position in Amdocs during the fourth quarter valued at approximately $26,000. VisionPoint Advisory Group LLC increased its stake in Amdocs by 77.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 220 shares during the period. Finally, Allworth Financial LP lifted its position in Amdocs by 16,840.0% in the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock worth $72,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOX. Citigroup upped their price target on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays raised their price target on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $108.60.

Amdocs Stock Up 0.1 %

NASDAQ DOX traded up $0.10 during trading on Tuesday, hitting $85.05. 668,680 shares of the company traded hands, compared to its average volume of 659,086. The company has a market capitalization of $10.00 billion, a P/E ratio of 18.21, a PEG ratio of 1.36 and a beta of 0.70. The business has a fifty day simple moving average of $88.69 and a 200 day simple moving average of $87.53. Amdocs Limited has a 12 month low of $78.38 and a 12 month high of $99.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business earned $1.33 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amdocs Limited will post 5.87 EPS for the current year.

Amdocs Company 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.