Amdocs Limited (NASDAQ:DOX) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOXFree Report) by 47.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,007 shares of the technology company’s stock after selling 73,428 shares during the quarter. Barclays PLC owned about 0.07% of Amdocs worth $6,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. VisionPoint Advisory Group LLC acquired a new stake in Amdocs in the 2nd quarter valued at approximately $28,000. GeoWealth Management LLC purchased a new position in shares of Amdocs during the first quarter worth $80,000. Allworth Financial LP grew its stake in shares of Amdocs by 16,840.0% in the third quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock valued at $72,000 after buying an additional 842 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Amdocs in the 1st quarter valued at $83,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Amdocs by 787.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,180 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,047 shares in the last quarter. 90.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DOX. Citigroup lifted their target price on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group began coverage on shares of Amdocs in a research note on Friday, December 1st. They set a “buy” rating and a $105.00 target price on the stock. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Barclays boosted their price target on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $108.60.

Read Our Latest Analysis on DOX

Amdocs Stock Down 1.6 %

DOX stock opened at $89.50 on Friday. The company’s 50 day moving average price is $89.00 and its 200 day moving average price is $86.66. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.51 and a beta of 0.69. Amdocs Limited has a fifty-two week low of $78.38 and a fifty-two week high of $99.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 1.41.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.40 by $0.16. Amdocs had a net margin of 11.30% and a return on equity of 17.78%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Amdocs Limited will post 5.86 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a $0.479 dividend. The ex-dividend date is Wednesday, March 27th. This is a boost from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 2.14%. Amdocs’s dividend payout ratio (DPR) is currently 37.26%.

Amdocs Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.