Amdocs Limited (NASDAQ:DOX) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its position in shares of Amdocs Limited (NASDAQ:DOX) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,339 shares of the technology company’s stock after selling 2,267 shares during the period. Diversified Trust Co owned about 0.05% of Amdocs worth $5,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Amdocs by 1.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock valued at $579,632,000 after purchasing an additional 111,357 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Amdocs by 12.3% in the third quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock worth $556,700,000 after buying an additional 696,136 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Amdocs by 36.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after acquiring an additional 851,022 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Amdocs by 31.1% during the 2nd quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock valued at $178,335,000 after acquiring an additional 536,359 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Amdocs by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,136,932 shares of the technology company’s stock worth $186,939,000 after acquiring an additional 16,580 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. Oppenheimer increased their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays lowered their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amdocs currently has a consensus rating of “Buy” and an average price target of $101.20.

Amdocs Stock Performance

Shares of NASDAQ:DOX traded up $0.11 during trading on Tuesday, hitting $84.58. 77,634 shares of the company traded hands, compared to its average volume of 380,706. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average is $87.03 and its 200-day moving average is $85.57. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.45 and a beta of 0.71. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, December 31st. Amdocs’s dividend payout ratio is presently 45.05%.

Amdocs 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.