Amdocs Limited (NASDAQ:DOX) Shares Sold by Gries Financial LLC

Gries Financial LLC decreased its position in shares of Amdocs Limited (NASDAQ:DOX) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,471 shares of the technology company’s stock after selling 724 shares during the quarter. Gries Financial LLC’s holdings in Amdocs were worth $1,658,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Amdocs by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock valued at $516,000 after purchasing an additional 109 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Morton Community Bank increased its stake in Amdocs by 0.4% in the third quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock valued at $3,185,000 after purchasing an additional 130 shares during the last quarter. Private Advisor Group LLC lifted its position in Amdocs by 3.2% during the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after buying an additional 175 shares during the period. Finally, KFG Wealth Management LLC boosted its stake in Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock worth $213,000 after buying an additional 189 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 0.5 %

Amdocs stock opened at $86.31 on Thursday. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The stock has a market capitalization of $9.74 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. The firm has a 50 day simple moving average of $85.82 and a 200-day simple moving average of $86.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio is presently 45.28%.

Wall Street Analyst Weigh In

DOX has been the subject of several research analyst reports. Barclays dropped their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Oppenheimer upped their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus started coverage on Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target 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.