Crossmark Global Holdings Inc. Lowers Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Crossmark Global Holdings Inc. lowered its position in shares of Amdocs Limited (NASDAQ:DOX) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,216 shares of the technology company’s stock after selling 3,340 shares during the period. Crossmark Global Holdings Inc.’s holdings in Amdocs were worth $12,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank raised its position in Amdocs by 208.7% during the second quarter. Amalgamated Bank now owns 20,165 shares of the technology company’s stock valued at $1,591,000 after purchasing an additional 13,633 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Amdocs by 11.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,325 shares of the technology company’s stock valued at $363,000 after acquiring an additional 437 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Amdocs by 22.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,440 shares of the technology company’s stock valued at $666,000 after acquiring an additional 1,531 shares during the period. AE Wealth Management LLC purchased a new stake in shares of Amdocs during the second quarter worth about $214,000. Finally, Sei Investments Co. grew its stake in shares of Amdocs by 8.5% in the second quarter. Sei Investments Co. now owns 570,001 shares of the technology company’s stock worth $44,983,000 after purchasing an additional 44,633 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.2 %

Shares of Amdocs stock opened at $84.89 on Tuesday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50-day moving average of $85.87 and a 200 day moving average of $85.96. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.42 and a beta of 0.71.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.26%. Amdocs’s dividend payout ratio is currently 45.28%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus initiated coverage on Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price for the company. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Oppenheimer increased their price target 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. Finally, Barclays lowered their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.