Dudley & Shanley Inc. Reduces Stake in Amdocs Limited (NASDAQ:DOX)

Dudley & Shanley Inc. trimmed its position in shares of Amdocs Limited (NASDAQ:DOX) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 225,381 shares of the technology company’s stock after selling 36,445 shares during the quarter. Amdocs makes up 3.0% of Dudley & Shanley Inc.’s portfolio, making the stock its 17th biggest holding. Dudley & Shanley Inc.’s holdings in Amdocs were worth $19,189,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DOX. Private Trust Co. NA lifted its stake in Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Amdocs during the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Amdocs during the third quarter valued at $55,000. GAMMA Investing LLC increased its position in Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after purchasing an additional 428 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Amdocs in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer lifted their target price on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus assumed coverage on Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective for the company. Barclays reduced their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Trading Down 0.1 %

Shares of Amdocs stock traded down $0.09 during trading hours on Friday, hitting $84.07. The company’s stock had a trading volume of 189,548 shares, compared to its average volume of 358,495. The business has a fifty day moving average of $87.20 and a 200 day moving average of $85.34. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The company has a market capitalization of $9.49 billion, a PE ratio of 19.83, a P/E/G ratio of 1.45 and a beta of 0.72.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. 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 45.05%.

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.