Sei Investments Co. Buys 15,531 Shares of Amdocs Limited (NASDAQ:DOX)

Sei Investments Co. increased its stake in shares of Amdocs Limited (NASDAQ:DOXFree Report) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 532,185 shares of the technology company’s stock after acquiring an additional 15,531 shares during the quarter. Sei Investments Co. owned about 0.44% of Amdocs worth $44,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Operose Advisors LLC boosted its stake in Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after buying an additional 185 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Amdocs during the 2nd quarter worth $28,000. Allworth Financial LP increased its holdings in Amdocs by 16,840.0% during the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock worth $72,000 after purchasing an additional 842 shares during the period. GeoWealth Management LLC purchased a new position in Amdocs during the 1st quarter worth $80,000. Finally, Zions Bancorporation N.A. purchased a new position in Amdocs during the 1st quarter worth $83,000. 90.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DOX. Citigroup raised their price objective on Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Jefferies Financial Group began coverage on Amdocs in a report on Friday, December 1st. They issued a “buy” rating and a $105.00 price target on the stock. Barclays raised their price objective on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amdocs presently has a consensus rating of “Buy” and a consensus price target of $108.60.

Check Out Our Latest Report on DOX

Amdocs Price Performance

Shares of Amdocs stock opened at $93.54 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.21. Amdocs Limited has a twelve month low of $78.38 and a twelve month high of $99.75. The business has a 50-day moving average price of $90.84 and a 200 day moving average price of $86.75. The firm has a market cap of $10.99 billion, a PE ratio of 20.03, a P/E/G ratio of 1.49 and a beta of 0.69.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.40 by $0.16. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.33 EPS. Amdocs’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.479 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, March 27th. Amdocs’s payout ratio is currently 37.26%.

About Amdocs

(Free Report)

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.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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