Pacer Advisors Inc. Buys 14,237 Shares of Amdocs Limited (NASDAQ:DOX)

Pacer Advisors Inc. raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,690,021 shares of the technology company’s stock after acquiring an additional 14,237 shares during the period. Pacer Advisors Inc.’s holdings in Amdocs were worth $147,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOX. Catalyst Capital Advisors LLC purchased a new position in shares of Amdocs in the 3rd quarter worth about $55,000. GAMMA Investing LLC raised its position in Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after purchasing an additional 428 shares during the last quarter. American National Bank bought a new position in shares of Amdocs in the 2nd quarter worth approximately $76,000. Meeder Asset Management Inc. bought a new position in shares of Amdocs in the 3rd quarter worth approximately $77,000. Finally, Blue Trust Inc. raised its position in shares of Amdocs by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after acquiring an additional 174 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DOX. Oppenheimer raised their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays dropped their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus initiated coverage on Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.83.

Amdocs Stock Performance

Shares of DOX opened at $83.73 on Thursday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The stock has a fifty day moving average price of $88.05 and a 200-day moving average price of $83.95. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.84 billion, a PE ratio of 19.75, a P/E/G ratio of 1.37 and a beta of 0.74.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.29%. Amdocs’s dividend payout ratio (DPR) is 45.28%.

Amdocs Company Profile

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.