Barclays PLC Purchases 17,097 Shares of Amdocs Limited (NASDAQ:DOX)

Barclays PLC boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 6.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,376 shares of the technology company’s stock after purchasing an additional 17,097 shares during the period. Barclays PLC owned 0.25% of Amdocs worth $25,402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DOX. Janus Henderson Group PLC raised its position in shares of Amdocs by 1.7% during the third quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock worth $579,632,000 after acquiring an additional 111,357 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Amdocs by 12.3% during the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock worth $556,700,000 after purchasing an additional 696,136 shares during the last quarter. LSV Asset Management lifted its position in Amdocs by 7.9% during the 2nd quarter. LSV Asset Management now owns 3,207,155 shares of the technology company’s stock valued at $253,109,000 after purchasing an additional 234,096 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Amdocs by 36.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after purchasing an additional 851,022 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in shares of Amdocs by 31.1% during the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock worth $178,335,000 after buying an additional 536,359 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Trading Down 1.3 %

NASDAQ:DOX opened at $87.30 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.24. The business’s 50-day simple moving average is $88.06 and its 200-day simple moving average is $84.41. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The stock has a market capitalization of $10.26 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72.

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 issued a $0.479 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DOX. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Barclays decreased their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Oppenheimer increased their target price on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective on the stock. One 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 company currently has an average rating of “Moderate Buy” and a consensus price target 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.