Amdocs Limited (NASDAQ:DOX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Amdocs Limited (NASDAQ:DOX) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 478,137 shares of the technology company’s stock after buying an additional 9,098 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Amdocs worth $41,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DOX. Catalyst Capital Advisors LLC acquired a new stake in shares of Amdocs during the 3rd quarter worth $55,000. GAMMA Investing LLC increased its holdings in Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after purchasing an additional 428 shares in the last quarter. American National Bank acquired a new stake in Amdocs in the 2nd quarter valued at $76,000. Blue Trust Inc. increased its holdings in Amdocs by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock valued at $90,000 after purchasing an additional 174 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 440 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer increased their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target for the company. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.83.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $83.98 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $88.18 and its two-hundred day moving average price is $83.96. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The stock has a market capitalization of $9.87 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.42 and a beta of 0.74.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.28%. Amdocs’s payout ratio is currently 45.28%.

Amdocs Company 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.