Amdocs Limited (NASDAQ:DOX) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC reduced its position in shares of Amdocs Limited (NASDAQ:DOX) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,619 shares of the technology company’s stock after selling 444 shares during the period. Integrated Investment Consultants LLC’s holdings in Amdocs were worth $393,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA lifted its position 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 purchasing an additional 117 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Amdocs in the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in Amdocs in the third quarter valued at $55,000. GAMMA Investing LLC raised its holdings in Amdocs by 115.1% in the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after acquiring an additional 428 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Amdocs in the third quarter valued at $77,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Amdocs Stock Up 0.2 %

Shares of NASDAQ:DOX opened at $84.89 on Friday. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.37 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 company’s fifty day moving average is $86.03 and its two-hundred day moving average is $85.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.26%. Amdocs’s dividend payout ratio is currently 45.28%.

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.