Strs Ohio Trims Stock Position in Amdocs Limited $DOX

Strs Ohio trimmed its stake in Amdocs Limited (NASDAQ:DOX) by 91.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,640 shares of the technology company’s stock after selling 29,246 shares during the period. Strs Ohio’s holdings in Amdocs were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DOX. Harbor Capital Advisors Inc. purchased a new stake in Amdocs in the third quarter worth about $26,000. Root Financial Partners LLC bought a new position in Amdocs in the third quarter worth $26,000. Rossby Financial LCC purchased a new position in Amdocs during the second quarter valued at $41,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Amdocs by 537.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 472 shares of the technology company’s stock valued at $43,000 after buying an additional 398 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Amdocs in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $80.99 on Tuesday. The company has a 50 day moving average of $80.42 and a 200 day moving average of $82.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. Amdocs Limited has a twelve month low of $74.32 and a twelve month high of $95.41. The firm has a market cap of $8.74 billion, a P/E ratio of 16.04, a PEG ratio of 1.39 and a beta of 0.40.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, December 31st. Amdocs’s dividend payout ratio (DPR) is presently 41.78%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wolfe Research reissued a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a research note on Tuesday, January 27th. Stifel Nicolaus reduced 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. Finally, Bank of America dropped their target price on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.00.

Amdocs Company Profile

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.