Hsbc Holdings PLC Buys 976 Shares of Amdocs Limited (NASDAQ:DOX)

Hsbc Holdings PLC increased its stake in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,203 shares of the technology company’s stock after buying an additional 976 shares during the quarter. Hsbc Holdings PLC’s holdings in Amdocs were worth $894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. raised its position in Amdocs by 3.3% in the 3rd quarter. D.A. Davidson & CO. now owns 4,147 shares of the technology company’s stock valued at $329,000 after purchasing an additional 134 shares during the last quarter. Riverview Trust Co raised its position in Amdocs by 32.8% in the 3rd quarter. Riverview Trust Co now owns 611 shares of the technology company’s stock valued at $49,000 after purchasing an additional 151 shares during the last quarter. Donald L. Hagan LLC raised its position in Amdocs by 1.4% in the 3rd quarter. Donald L. Hagan LLC now owns 16,240 shares of the technology company’s stock valued at $1,290,000 after purchasing an additional 217 shares during the last quarter. OLD National Bancorp IN raised its position in Amdocs by 5.6% in the 3rd quarter. OLD National Bancorp IN now owns 4,676 shares of the technology company’s stock valued at $372,000 after purchasing an additional 249 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Amdocs by 5.4% in the 2nd quarter. Synovus Financial Corp now owns 5,471 shares of the technology company’s stock valued at $452,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 88.11% of the company’s stock.

Amdocs Trading Up 0.2 %

DOX stock opened at $91.71 on Friday. The company has a market cap of $11.08 billion, a P/E ratio of 20.66, a PEG ratio of 1.57 and a beta of 0.65. Amdocs Limited has a twelve month low of $76.79 and a twelve month high of $97.08. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $92.20 and a 200-day moving average of $87.14.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, March 31st will be paid a dividend of $0.435 per share. The ex-dividend date is Thursday, March 30th. This is a boost from Amdocs’s previous quarterly dividend of $0.40. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.90%. Amdocs’s payout ratio is 35.59%.

Analyst Ratings Changes

DOX has been the subject of several research analyst reports. Citigroup cut their price objective on Amdocs from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th. Barclays lifted their price objective on Amdocs to $100.00 in a research report on Tuesday, November 15th. Robert W. Baird boosted their target price on Amdocs from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Finally, Oppenheimer boosted their target price on Amdocs from $94.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Amdocs presently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

Amdocs Company Profile

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Amdocs Ltd. is a holding company, which engages in the provision of software products and services for the communications, entertainment, and media industry service providers. The company was founded in 1988 and is headquartered in Saint Louis, MO.