3,709 Shares in Amdocs Limited (NASDAQ:DOX) Purchased by Isthmus Partners LLC

Isthmus Partners LLC acquired a new position in Amdocs Limited (NASDAQ:DOX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,709 shares of the technology company’s stock, valued at approximately $324,000.

Several other large investors also recently bought and sold shares of the business. Private Trust Co. NA grew its stake 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 during the period. Brooklyn Investment Group bought a new stake in shares of Amdocs during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Amdocs during the 3rd quarter valued at about $55,000. GAMMA Investing LLC grew its stake in shares of Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after purchasing an additional 428 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Amdocs during the 3rd quarter valued at about $77,000. 92.02% of the stock is currently owned by institutional investors.

Amdocs Trading Down 0.5 %

Shares of NASDAQ:DOX opened at $86.72 on Friday. The stock has a 50 day moving average of $88.08 and a 200 day moving average of $84.07. The company has a market cap of $10.19 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 12-month low of $74.41 and a 12-month 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 issued a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. Amdocs’s dividend payout ratio is presently 45.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays cut their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Stifel Nicolaus assumed coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.83.

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.