Amdocs Limited (NASDAQ:DOX) Stock Holdings Cut by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lessened its position in Amdocs Limited (NASDAQ:DOX) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,349 shares of the technology company’s stock after selling 173 shares during the period. Sawgrass Asset Management LLC’s holdings in Amdocs were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its holdings in Amdocs by 0.4% during the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. lifted its holdings in Amdocs by 2.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after acquiring an additional 129 shares during the last quarter. Y.D. More Investments Ltd boosted its position 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 valued at $741,000 after purchasing an additional 139 shares in the last quarter. Blue Trust Inc. grew its stake 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 worth $90,000 after purchasing an additional 174 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Amdocs by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DOX. Barclays reduced 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. Oppenheimer boosted their price objective on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.83.

Amdocs Price Performance

Shares of DOX opened at $83.98 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 company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.39 and a beta of 0.74. The business’s 50-day moving average is $88.16 and its 200-day moving average is $83.95. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is currently 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.