Amdocs Limited (NASDAQ:DOX) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its position in shares of Amdocs Limited (NASDAQ:DOX) by 10.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 176,035 shares of the technology company’s stock after acquiring an additional 16,419 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Amdocs were worth $15,400,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DOX. Boston Trust Walden Corp raised its position in Amdocs by 17.0% during the 2nd quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock worth $48,803,000 after buying an additional 89,726 shares during the last quarter. SG Americas Securities LLC raised its holdings in Amdocs by 402.4% in the second quarter. SG Americas Securities LLC now owns 154,968 shares of the technology company’s stock valued at $12,230,000 after buying an additional 124,122 shares during the period. Sargent Investment Group LLC purchased a new position in Amdocs in the second quarter valued at approximately $289,000. BDF Gestion purchased a new stake in shares of Amdocs during the second quarter valued at approximately $833,000. Finally, Raymond James & Associates raised its stake in shares of Amdocs by 15.8% during the second quarter. Raymond James & Associates now owns 457,477 shares of the technology company’s stock valued at $36,104,000 after purchasing an additional 62,460 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analysts Set New Price Targets

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

Amdocs Stock Down 0.2 %

DOX stock traded down $0.19 during trading hours on Thursday, hitting $87.18. The company’s stock had a trading volume of 730,329 shares, compared to its average volume of 682,025. 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 company has a market capitalization of $10.25 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The stock has a 50 day moving average price of $88.08 and a two-hundred day moving average price of $84.03.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, December 31st. Amdocs’s payout ratio 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.