Moran Wealth Management LLC Sells 129 Shares of Amdocs Limited (NASDAQ:DOX)

Moran Wealth Management LLC decreased its position in Amdocs Limited (NASDAQ:DOX) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,548 shares of the technology company’s stock after selling 129 shares during the quarter. Moran Wealth Management LLC’s holdings in Amdocs were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of Amdocs by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after purchasing an additional 109 shares in the last quarter. Natixis Advisors LLC increased its stake in Amdocs by 0.4% in the 2nd quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after buying an additional 120 shares during the last quarter. Raymond James Trust N.A. lifted its position in Amdocs by 2.3% during the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after buying an additional 129 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Amdocs by 1.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after buying an additional 139 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 174 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Amdocs in a report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price on the stock. Oppenheimer upped their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays cut their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.83.

Amdocs Price Performance

NASDAQ:DOX opened at $85.67 on Friday. The company has a market cap of $10.07 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.37 and a beta of 0.74. The firm’s fifty day moving average price is $88.05 and its two-hundred day moving average price is $83.96. Amdocs Limited has a one year low of $74.41 and a one 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 1.24.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.24%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

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.