Robeco Institutional Asset Management B.V. Sells 8,615 Shares of Amdocs Limited (NASDAQ:DOX)

Robeco Institutional Asset Management B.V. reduced its holdings in Amdocs Limited (NASDAQ:DOX) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 520,709 shares of the technology company’s stock after selling 8,615 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Amdocs were worth $44,333,000 as of its most recent filing with the Securities & Exchange Commission.

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

Amdocs Trading Down 0.5 %

Shares of DOX opened at $86.31 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.74 billion, a PE ratio of 20.36, a PEG ratio of 1.42 and a beta of 0.71. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock has a 50 day simple moving average of $85.82 and a 200-day simple moving average of $86.25.

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 issued a dividend of $0.479 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.22%. Amdocs’s payout ratio is presently 45.28%.

Analyst Upgrades and Downgrades

DOX has been the topic of several research reports. Oppenheimer boosted their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Stifel Nicolaus began coverage on Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. Finally, Barclays decreased 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.