Amdocs Limited (NASDAQ:DOX) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC cut its holdings in Amdocs Limited (NASDAQ:DOX) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,483 shares of the technology company’s stock after selling 1,501 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Amdocs were worth $978,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DOX. Allspring Global Investments Holdings LLC lifted its holdings in shares of Amdocs by 36.6% in the third 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 in the last quarter. Pzena Investment Management LLC raised its position in shares of 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. Hotchkis & Wiley Capital Management LLC lifted its stake in Amdocs by 123.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock valued at $66,409,000 after buying an additional 419,045 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Amdocs by 1,207.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock valued at $23,768,000 after buying an additional 250,918 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Amdocs by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,633,733 shares of the technology company’s stock worth $143,498,000 after buying an additional 158,843 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Performance

Amdocs stock opened at $87.46 on Friday. The stock has a fifty day moving average price of $85.87 and a 200 day moving average price of $86.25. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The firm has a market capitalization of $9.87 billion, a P/E ratio of 20.63, a PEG ratio of 1.44 and a beta of 0.71.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.19%. Amdocs’s payout ratio is 45.28%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Oppenheimer upped their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays cut their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.