New York State Common Retirement Fund Grows Stock Holdings in Amdocs Limited $DOX

New York State Common Retirement Fund grew its stake in Amdocs Limited (NASDAQ:DOX) by 20.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,401 shares of the technology company’s stock after acquiring an additional 93,527 shares during the period. New York State Common Retirement Fund owned 0.49% of Amdocs worth $45,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. William Blair Investment Management LLC increased its holdings in Amdocs by 2.4% during the 2nd quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock worth $516,000 after purchasing an additional 133 shares during the period. Mutual Advisors LLC raised its holdings in shares of Amdocs by 3.2% in the second quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock valued at $397,000 after acquiring an additional 138 shares in the last quarter. MGO One Seven LLC lifted its stake in Amdocs by 5.1% in the second quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock worth $264,000 after acquiring an additional 140 shares during the period. Huntington National Bank grew its holdings in Amdocs by 5.0% during the 2nd quarter. Huntington National Bank now owns 3,273 shares of the technology company’s stock worth $299,000 after acquiring an additional 155 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in Amdocs by 3.9% during the 2nd quarter. Scotia Capital Inc. now owns 4,144 shares of the technology company’s stock valued at $378,000 after purchasing an additional 156 shares during the period. Institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

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

Amdocs Stock Up 1.1%

Shares of DOX stock opened at $81.94 on Friday. The stock’s fifty day moving average price is $80.31 and its 200 day moving average price is $82.88. Amdocs Limited has a 1-year low of $74.32 and a 1-year high of $95.41. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.37 and a beta of 0.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 1.17.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Amdocs’s payout ratio 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.