Charles Schwab Investment Management Inc. Has $18.12 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,137 shares of the technology company’s stock after buying an additional 11,179 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.18% of Amdocs worth $18,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in shares of Amdocs during the 3rd quarter worth about $55,000. GAMMA Investing LLC boosted its stake in Amdocs by 115.1% during the 3rd 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. Meeder Asset Management Inc. acquired a new position in Amdocs during the third quarter valued at approximately $77,000. American National Bank bought a new stake in Amdocs in the second quarter valued at approximately $76,000. Finally, Blue Trust Inc. raised its holdings in Amdocs by 18.0% in the second 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 owned by institutional investors.

Amdocs Stock Down 0.5 %

Shares of DOX opened at $86.64 on Friday. The firm has a 50 day simple moving average of $88.12 and a two-hundred day simple moving average of $84.25. The company has a market cap of $10.18 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.46 and a beta of 0.72. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, December 31st. Amdocs’s dividend payout ratio is 45.28%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays dropped their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Oppenheimer increased their target price on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus initiated coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

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.