Crossmark Global Holdings Inc. Purchases 37,516 Shares of Amdocs Limited (NASDAQ:DOX)

Crossmark Global Holdings Inc. grew its position in Amdocs Limited (NASDAQ:DOX) by 34.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,556 shares of the technology company’s stock after purchasing an additional 37,516 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.12% of Amdocs worth $12,733,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC increased its position in shares of Amdocs by 0.4% in the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 120 shares during the last quarter. Raymond James Trust N.A. increased its position in Amdocs by 2.3% during the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after buying an additional 129 shares during the last quarter. Y.D. More Investments Ltd increased its position in Amdocs by 1.5% during the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after buying an additional 139 shares during the last quarter. Blue Trust Inc. increased its position in Amdocs by 18.0% during the second quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after buying an additional 174 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Amdocs by 3.2% during the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after buying an additional 175 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amdocs currently has a consensus rating of “Buy” and an average price target of $102.00.

Amdocs Price Performance

Shares of DOX stock traded up $0.03 during trading on Friday, hitting $92.17. The company had a trading volume of 492,889 shares, compared to its average volume of 474,845. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $10.83 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.47 and a beta of 0.74. The stock’s 50-day moving average price is $87.92 and its 200 day moving average price is $83.83. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Amdocs Limited will post 5.67 EPS for the current fiscal year.

About Amdocs

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.