Amdocs Limited (NASDAQ:DOX) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its position in shares of Amdocs Limited (NASDAQ:DOXFree Report) by 32.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,734 shares of the technology company’s stock after buying an additional 6,482 shares during the quarter. Amalgamated Bank’s holdings in Amdocs were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new stake in Amdocs in the second quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in shares of Amdocs by 16,840.0% in the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock valued at $72,000 after purchasing an additional 842 shares during the last quarter. GeoWealth Management LLC bought a new stake in Amdocs in the first quarter worth $80,000. Zions Bancorporation N.A. bought a new position in Amdocs during the first quarter valued at about $83,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Amdocs by 787.2% in the first quarter. Brown Brothers Harriman & Co. now owns 1,180 shares of the technology company’s stock worth $97,000 after buying an additional 1,047 shares during the last quarter. Institutional investors own 90.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup increased their price objective on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Barclays boosted their price objective on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. Finally, Jefferies Financial Group initiated coverage on shares of Amdocs in a report on Friday, December 1st. They issued a “buy” rating and a $105.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $108.60.

Check Out Our Latest Report on Amdocs

Amdocs Trading Up 0.3 %

Shares of DOX stock opened at $89.76 on Monday. The firm has a market capitalization of $10.53 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.46 and a beta of 0.69. Amdocs Limited has a 1 year low of $78.38 and a 1 year high of $99.75. The firm’s fifty day simple moving average is $89.20 and its 200 day simple moving average is $86.58. The company has a current ratio of 1.29, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 earnings per share (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 17.79%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amdocs Limited will post 5.86 EPS for the current year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be given a dividend of $0.479 per share. 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 dividend yield of 2.13%. Amdocs’s payout ratio 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

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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