Massachusetts Financial Services Co. MA Sells 16,018 Shares of Amdocs Limited $DOX

Massachusetts Financial Services Co. MA decreased its holdings in Amdocs Limited (NASDAQ:DOX) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,935 shares of the technology company’s stock after selling 16,018 shares during the period. Massachusetts Financial Services Co. MA owned about 0.39% of Amdocs worth $36,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DOX. Amundi raised its position in shares of Amdocs by 73.0% in the 1st quarter. Amundi now owns 13,778 shares of the technology company’s stock worth $1,217,000 after acquiring an additional 5,816 shares in the last quarter. Millennium Management LLC lifted its position in shares of Amdocs by 458.3% during the first quarter. Millennium Management LLC now owns 67,047 shares of the technology company’s stock valued at $6,135,000 after buying an additional 55,038 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Amdocs by 12.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,146 shares of the technology company’s stock valued at $30,300,000 after buying an additional 37,087 shares in the last quarter. Empowered Funds LLC grew its position in shares of Amdocs by 12.0% in the 1st quarter. Empowered Funds LLC now owns 15,979 shares of the technology company’s stock worth $1,462,000 after buying an additional 1,709 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Amdocs by 195.4% in the 1st quarter. Jane Street Group LLC now owns 115,929 shares of the technology company’s stock worth $10,608,000 after buying an additional 76,683 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

DOX has been the subject of a number of analyst reports. Bank of America decreased their target price on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen downgraded Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Stifel Nicolaus lowered their price objective on Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

Amdocs Stock Up 0.8%

Amdocs stock opened at $82.84 on Thursday. The business’s 50-day simple moving average is $79.42 and its two-hundred day simple moving average is $83.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $8.94 billion, a PE ratio of 16.40, a PEG ratio of 1.39 and a beta of 0.40. Amdocs Limited has a fifty-two week low of $74.32 and a fifty-two week high of $95.41.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.527 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s dividend payout ratio (DPR) is currently 41.78%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.