Amdocs Limited (NASDAQ:DOX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in Amdocs Limited (NASDAQ:DOX) by 65.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,523 shares of the technology company’s stock after selling 34,705 shares during the period. Jane Street Group LLC’s holdings in Amdocs were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Sargent Investment Group LLC acquired a new stake in shares of Amdocs in the second quarter valued at about $289,000. Bank of New York Mellon Corp boosted its stake in Amdocs by 46.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 512,722 shares of the technology company’s stock worth $40,464,000 after purchasing an additional 163,371 shares during the last quarter. Mirabella Financial Services LLP grew its holdings in shares of Amdocs by 204.2% during the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock worth $1,250,000 after buying an additional 9,600 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Amdocs by 34.7% in the third quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock valued at $12,733,000 after buying an additional 37,516 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock worth $41,827,000 after buying an additional 9,098 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DOX shares. Oppenheimer boosted their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Barclays cut 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Performance

NASDAQ:DOX opened at $86.70 on Friday. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The company has a fifty day simple moving average of $87.78 and a two-hundred day simple moving average of $85.02. 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 cap of $9.79 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.21%. Amdocs’s dividend payout ratio (DPR) is 45.05%.

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.