Mutual Advisors LLC Has $319,000 Position in Amdocs Limited (NASDAQ:DOX)

Mutual Advisors LLC raised its holdings in Amdocs Limited (NASDAQ:DOX) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,768 shares of the technology company’s stock after buying an additional 496 shares during the quarter. Mutual Advisors LLC’s holdings in Amdocs were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DOX. Nordea Investment Management AB increased its holdings in shares of Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock worth $141,112,000 after buying an additional 127,426 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in Amdocs by 204.2% during the 3rd 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. Victory Capital Management Inc. boosted its position in Amdocs by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after buying an additional 9,098 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Amdocs by 34.7% in the 3rd 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 period. Finally, Dudley & Shanley Inc. raised its position in shares of Amdocs by 7.6% during the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock worth $22,905,000 after acquiring an additional 18,600 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

DOX opened at $86.74 on Wednesday. The stock has a market cap of $9.79 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.42 and a beta of 0.71. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $85.82 and a 200 day simple moving average of $86.25.

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 dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective on the stock. Oppenheimer upped their target price on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.20.

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.