Catalyst Capital Advisors LLC Has $31,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Catalyst Capital Advisors LLC reduced its stake in Amdocs Limited (NASDAQ:DOX) by 42.0% during the 4th quarter, HoldingsChannel reports. The firm owned 363 shares of the technology company’s stock after selling 263 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Amdocs were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB lifted its holdings in Amdocs by 8.3% during the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after purchasing an additional 127,426 shares during the last quarter. Mirabella Financial Services LLP increased its holdings in shares of Amdocs by 204.2% during the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock worth $1,250,000 after buying an additional 9,600 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after acquiring an additional 9,098 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after acquiring an additional 125,654 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Amdocs by 34.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock worth $12,733,000 after acquiring an additional 37,516 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on DOX. Barclays reduced their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Oppenheimer raised their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Trading Up 0.1 %

DOX stock opened at $89.60 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a market cap of $10.11 billion, a P/E ratio of 20.79, a PEG ratio of 1.45 and a beta of 0.71. The business has a fifty day moving average of $86.04 and a 200-day moving average of $86.54.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, equities research analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.35%. Amdocs’s dividend payout ratio (DPR) is presently 44.55%.

About Amdocs

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.