Cerity Partners LLC Takes $456,000 Position in Amdocs Limited (NASDAQ:DOX)

Cerity Partners LLC bought a new stake in shares of Amdocs Limited (NASDAQ:DOXGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,463 shares of the technology company’s stock, valued at approximately $456,000.

Several other large investors have also recently modified their holdings of DOX. JFS Wealth Advisors LLC grew its position in Amdocs by 58.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 425 shares of the technology company’s stock valued at $35,000 after acquiring an additional 156 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Amdocs in the 1st quarter valued at $36,000. Quent Capital LLC grew its position in Amdocs by 113.5% in the 1st quarter. Quent Capital LLC now owns 839 shares of the technology company’s stock valued at $69,000 after acquiring an additional 446 shares during the last quarter. Zions Bancorporation N.A. bought a new position in Amdocs in the 1st quarter valued at $83,000. Finally, Brown Brothers Harriman & Co. grew its position in Amdocs by 787.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,180 shares of the technology company’s stock valued at $97,000 after acquiring an additional 1,047 shares during the last quarter. Institutional investors own 88.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DOX. Oppenheimer reaffirmed an “outperform” rating and issued a $84.00 price objective on shares of Amdocs in a research report on Thursday, November 10th. Barclays upped their target price on Amdocs to $100.00 in a report on Tuesday, November 15th. Citigroup lowered their target price on Amdocs from $99.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. Robert W. Baird lowered their target price on Amdocs to $85.00 in a report on Tuesday, November 15th. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.20.

Amdocs Trading Up 1.1 %

Shares of NASDAQ DOX opened at $84.79 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.60 and a quick ratio of 1.59. The stock has a market capitalization of $11.12 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.69. Amdocs Limited has a 1-year low of $68.33 and a 1-year high of $90.77. The business has a fifty day moving average price of $81.92 and a 200 day moving average price of $83.55.

Amdocs (NASDAQ:DOXGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a return on equity of 16.62% and a net margin of 12.01%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. Equities research analysts expect that Amdocs Limited will post 5.35 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, December 30th will be paid a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 29th. Amdocs’s dividend payout ratio (DPR) is currently 35.59%.

About Amdocs

(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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