Wilmington Savings Fund Society FSB Invests $130,000 in Amdocs Limited (NASDAQ:DOX)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,484 shares of the technology company’s stock, valued at approximately $130,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Amdocs during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Amdocs in the third quarter valued at about $55,000. GAMMA Investing LLC raised its position in shares of Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after acquiring an additional 428 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Amdocs in the third quarter worth $77,000. 92.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOX has been the topic of a number of research reports. Barclays cut their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus initiated coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer boosted their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Stock Up 0.6 %

Shares of Amdocs stock opened at $86.15 on Friday. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.45 and a beta of 0.72. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. The stock’s 50-day moving average is $87.95 and its 200 day moving average is $84.69.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.22%. Amdocs’s dividend payout ratio (DPR) is presently 45.05%.

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.