Strategic Wealth Investment Group LLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOX – Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,483 shares of the technology company’s stock after selling 1,501 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Amdocs were worth $978,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC purchased a new position in Amdocs during the 2nd quarter worth $2,114,000. Millennium Management LLC grew its holdings in shares of Amdocs by 11.7% during the second quarter. Millennium Management LLC now owns 45,804 shares of the technology company’s stock worth $3,615,000 after buying an additional 4,815 shares during the last quarter. Creative Planning grew its holdings in shares of Amdocs by 122.9% during the second quarter. Creative Planning now owns 11,007 shares of the technology company’s stock worth $869,000 after buying an additional 6,069 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Amdocs by 24.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company’s stock valued at $175,000 after acquiring an additional 440 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Amdocs during the 2nd quarter valued at approximately $268,000. 92.02% of the stock is owned by institutional investors and hedge funds.
Amdocs Price Performance
Shares of NASDAQ DOX opened at $87.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The firm has a market capitalization of $9.87 billion, a P/E ratio of 20.63, a PEG ratio of 1.44 and a beta of 0.71. The company’s fifty day moving average is $85.87 and its two-hundred day moving average is $86.25.
Amdocs Dividend Announcement
Analyst Ratings Changes
Several brokerages recently weighed in on DOX. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Oppenheimer upped their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.20.
View Our Latest Stock Report on DOX
About Amdocs
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.
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