SG Americas Securities LLC Has $526,000 Holdings in Amdocs Limited (NASDAQ:DOX)

SG Americas Securities LLC cut its stake in Amdocs Limited (NASDAQ:DOXGet Rating) by 81.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,398 shares of the technology company’s stock after selling 28,104 shares during the period. SG Americas Securities LLC’s holdings in Amdocs were worth $526,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Denali Advisors LLC increased its holdings in Amdocs by 33.3% during the 1st quarter. Denali Advisors LLC now owns 800 shares of the technology company’s stock valued at $66,000 after purchasing an additional 200 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Amdocs by 39.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,346 shares of the technology company’s stock valued at $101,000 after purchasing an additional 381 shares in the last quarter. Wahed Invest LLC acquired a new stake in Amdocs during the 4th quarter valued at $116,000. Exchange Traded Concepts LLC acquired a new stake in Amdocs during the 1st quarter valued at $132,000. Finally, Hilton Capital Management LLC increased its holdings in Amdocs by 4.7% during the 4th quarter. Hilton Capital Management LLC now owns 2,949 shares of the technology company’s stock valued at $221,000 after purchasing an additional 133 shares in the last quarter. 87.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOX has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a “top pick” rating on shares of Amdocs in a report on Friday, May 13th. Citigroup increased their price objective on Amdocs from $90.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday. Barclays increased their price objective on Amdocs from $89.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 24th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $94.75.

Amdocs Stock Up 2.1 %

NASDAQ:DOX opened at $87.54 on Friday. Amdocs Limited has a 12-month low of $68.33 and a 12-month high of $88.95. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $11.48 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.80 and a beta of 0.68. The stock’s fifty day simple moving average is $83.94 and its 200-day simple moving average is $81.55.

Amdocs (NASDAQ:DOXGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.31. Amdocs had a return on equity of 16.78% and a net margin of 12.76%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $1.05 EPS. Equities research analysts expect that Amdocs Limited will post 4.77 earnings per share for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were given a $0.395 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.58 annualized dividend and a dividend yield of 1.80%. Amdocs’s dividend payout ratio is currently 35.43%.

Amdocs Company Profile

(Get Rating)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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