Amdocs (NASDAQ:DOX) Insider Shimie Hortig Sells 1,733 Shares of Company Stock

Amdocs Limited (NASDAQ:DOX) insider Shimie Hortig sold 1,733 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $43.14, for a total value of $74,761.62. Following the completion of the sale, the insider directly owned 172,699 shares of the company’s stock, valued at $7,450,234.86. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shimie Hortig also recently made the following trade(s):

• On Tuesday, November 10th, Shimie Hortig sold 7,264 shares of Amdocs stock. The shares were sold at an average price of $42.18, for a total transaction of $306,395.52.

Amdocs Trading Up 1.6%

Amdocs stock traded up $0.72 during mid-day trading on Friday, reaching $44.83. 2,245,070 shares of the company traded hands, compared to its average volume of 1,326,356. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day moving average price is $57.88 and its 200 day moving average price is $61.17. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 1.40 and a beta of 0.42. Amdocs Limited has a 52-week low of $39.96 and a 52-week high of $84.95.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.98 EPS for the quarter, hitting the consensus estimate of $1.98. Amdocs had a net margin of 10.59% and a return on equity of 20.81%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $1.83 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts anticipate that Amdocs Limited will post 5.82 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a $0.5690 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, December 31st. Amdocs’s dividend payout ratio is presently 48.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Alpine Bank Wealth Management boosted its stake in Amdocs by 58.2% during the third quarter. Alpine Bank Wealth Management now owns 500 shares of the technology company’s stock worth $29,000 after acquiring an additional 184 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Amdocs in the third quarter worth about $57,000. Versant Capital Management Inc increased its stake in shares of Amdocs by 3,340.6% during the third quarter. Versant Capital Management Inc now owns 1,101 shares of the technology company’s stock valued at $63,000 after purchasing an additional 1,069 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Amdocs by 296.2% during the third quarter. Rothschild Investment LLC now owns 1,240 shares of the technology company’s stock valued at $71,000 after purchasing an additional 927 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Amdocs by 16.4% during the third quarter. Farther Finance Advisors LLC now owns 1,292 shares of the technology company’s stock valued at $74,000 after purchasing an additional 182 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DOX has been the topic of several research reports. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Zacks Research lowered Amdocs from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings upgraded Amdocs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Stifel Nicolaus dropped their price target on Amdocs from $71.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Finally, Oppenheimer lowered Amdocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.00.

Amdocs News Summary

Investors following DOX have been watching these news items:

• Positive Sentiment: Three directors reported open-market purchases totaling 3,534 shares, including Yvette Kanouff’s $100,800 purchase. Insider buying may suggest confidence in the company, though it is not a guarantee of a recovery. SEC filing for director purchase
• Positive Sentiment: Amdocs is seeking shareholder backing for a 3% increase in its quarterly dividend, a potential boost to shareholder returns. Dividend increase report
• Negative Sentiment: Several law firms announced investigations into potential securities claims after Amdocs’ steep share-price drop. These are investigations, not findings of wrongdoing, but could add legal and reputational uncertainty. BFA Law investigation announcement

About Amdocs

Amdocs provides software and services to communications and media companies. Its offerings include business and operational support systems for billing, customer management, service delivery and network operations, as well as cloud and digital solutions that help clients modernize their businesses and improve customer experiences. Founded in 1982, Amdocs serves communications and media providers in markets around the world. The company is headquartered in the St. Louis, Missouri, area and is led by President and Chief Executive Officer Shuky Sheffer.