Atom Investors LP Sells 6,655 Shares of Amdocs Limited (NASDAQ:DOX)

Atom Investors LP lowered its holdings in Amdocs Limited (NASDAQ:DOX) by 39.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,272 shares of the technology company’s stock after selling 6,655 shares during the quarter. Atom Investors LP’s holdings in Amdocs were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DOX. First Horizon Advisors Inc. lifted its position in Amdocs by 1.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after acquiring an additional 109 shares during the period. Private Trust Co. NA increased its holdings in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Amdocs by 0.4% during the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after buying an additional 120 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after purchasing an additional 129 shares during the period. Finally, Morton Community Bank boosted its stake in Amdocs by 0.4% during the 3rd quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock worth $3,185,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer lifted their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target for the company. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Trading Down 0.5 %

DOX stock opened at $87.26 on Wednesday. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.46 and a beta of 0.72. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $88.12 and a 200-day simple moving average of $84.18. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is 45.28%.

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.