Amdocs Limited (NASDAQ:DOX) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC reduced its holdings in Amdocs Limited (NASDAQ:DOX) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,411 shares of the technology company’s stock after selling 10,950 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Amdocs were worth $2,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DOX. Natixis Advisors LLC boosted its position in shares of Amdocs by 0.4% during the 2nd quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 120 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after purchasing an additional 129 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Amdocs by 1.5% in the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock valued at $741,000 after purchasing an additional 139 shares in the last quarter. Blue Trust Inc. boosted its position 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 buying an additional 174 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Amdocs by 3.2% during the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after acquiring an additional 175 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Down 2.3 %

Shares of Amdocs stock opened at $85.71 on Friday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $88.18 and a 200 day moving average price of $83.94.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.24%. Amdocs’s dividend payout ratio (DPR) is currently 45.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOX. 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. Oppenheimer upped their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus began coverage on Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.83.

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.