Amdocs Limited (NASDAQ:DOX) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in Amdocs Limited (NASDAQ:DOX) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,295 shares of the technology company’s stock after selling 3,160 shares during the period. Advisors Asset Management Inc.’s holdings in Amdocs were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DOX. Catalyst Capital Advisors LLC acquired a new stake in shares of Amdocs during the 3rd quarter worth approximately $55,000. GAMMA Investing LLC increased its stake in Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after acquiring an additional 428 shares during the last quarter. American National Bank purchased a new stake in Amdocs in the second quarter valued at $76,000. Meeder Asset Management Inc. acquired a new position in shares of Amdocs in the 3rd quarter valued at $77,000. Finally, Blue Trust Inc. grew its holdings in shares of Amdocs by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after purchasing an additional 174 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $85.67 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.07 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.42 and a beta of 0.74. The stock has a 50 day moving average of $88.03 and a two-hundred day moving average of $83.96. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. Amdocs’s dividend payout ratio (DPR) is 45.28%.

Analyst Upgrades and Downgrades

DOX has been the subject of a number of recent analyst reports. Oppenheimer lifted their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays dropped their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus initiated coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. Finally, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $101.83.

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.