Atria Investments Inc Has $823,000 Stake in Amdocs Limited (NASDAQ:DOX)

Atria Investments Inc boosted its holdings in Amdocs Limited (NASDAQ:DOX) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,408 shares of the technology company’s stock after buying an additional 634 shares during the period. Atria Investments Inc’s holdings in Amdocs were worth $823,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DOX. Vanguard Group Inc. lifted its stake in Amdocs by 39.5% in the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock valued at $183,771,000 after buying an additional 576,168 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Amdocs by 3.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,156 shares of the technology company’s stock worth $3,539,000 after acquiring an additional 1,292 shares during the last quarter. Bessemer Group Inc. grew its holdings in Amdocs by 21.5% during the first quarter. Bessemer Group Inc. now owns 3,443 shares of the technology company’s stock valued at $311,000 after purchasing an additional 610 shares during the period. Pitcairn Co. increased its stake in Amdocs by 9.0% in the first quarter. Pitcairn Co. now owns 3,449 shares of the technology company’s stock valued at $312,000 after purchasing an additional 284 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in Amdocs by 30.8% in the first quarter. Vident Advisory LLC now owns 156,777 shares of the technology company’s stock worth $14,168,000 after purchasing an additional 36,944 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Up 0.0 %

NASDAQ:DOX opened at $83.99 on Tuesday. The stock has a 50-day simple moving average of $88.16 and a 200 day simple moving average of $83.95. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a market cap of $9.87 billion, a PE ratio of 19.81, a PEG ratio of 1.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.20.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 2.28%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target 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 began coverage on Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report 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 report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Amdocs presently has a consensus rating of “Moderate Buy” and an average target price of $101.83.

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.