Quarry LP Cuts Holdings in Amdocs Limited (NASDAQ:DOX)

Quarry LP cut its holdings in Amdocs Limited (NASDAQ:DOX) by 60.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294 shares of the technology company’s stock after selling 451 shares during the quarter. Quarry LP’s holdings in Amdocs were worth $26,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in Amdocs by 77.1% during the third quarter. Integrated Wealth Concepts LLC now owns 19,379 shares of the technology company’s stock worth $1,695,000 after buying an additional 8,439 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Amdocs by 1.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock worth $579,632,000 after acquiring an additional 111,357 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Amdocs by 123.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock worth $66,409,000 after acquiring an additional 419,045 shares during the period. HighTower Advisors LLC increased its stake in Amdocs by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 12,813 shares of the technology company’s stock valued at $1,122,000 after purchasing an additional 265 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new position in Amdocs during the third quarter worth $854,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

DOX has been the topic of several research reports. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Oppenheimer increased their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays cut 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 started coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They issued 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 five have issued a buy rating to the company. Based on data from MarketBeat.com, Amdocs has a consensus rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Trading Up 1.5 %

Shares of DOX stock opened at $88.44 on Friday. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.44 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $88.06 and a 200 day moving average price of $84.41. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio is presently 45.05%.

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.