Raymond James Trust N.A. Raises Stock Position in Amdocs Limited (NASDAQ:DOX)

Raymond James Trust N.A. lifted its position in Amdocs Limited (NASDAQ:DOXGet Rating) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,535 shares of the technology company’s stock after buying an additional 343 shares during the period. Raymond James Trust N.A.’s holdings in Amdocs were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in Amdocs by 4.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 2,880 shares of the technology company’s stock worth $239,000 after purchasing an additional 121 shares in the last quarter. OLD National Bancorp IN lifted its stake in Amdocs by 3.2% during the 2nd quarter. OLD National Bancorp IN now owns 4,427 shares of the technology company’s stock valued at $369,000 after acquiring an additional 137 shares during the period. Riverview Trust Co lifted its stake in Amdocs by 32.8% during the 3rd quarter. Riverview Trust Co now owns 611 shares of the technology company’s stock valued at $49,000 after acquiring an additional 151 shares during the period. Donald L. Hagan LLC lifted its stake in shares of Amdocs by 1.4% in the 3rd quarter. Donald L. Hagan LLC now owns 16,240 shares of the technology company’s stock valued at $1,290,000 after purchasing an additional 217 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Amdocs by 5.4% in the 2nd quarter. Synovus Financial Corp now owns 5,471 shares of the technology company’s stock valued at $452,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOX. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 11th. Citigroup decreased their target price on shares of Amdocs from $99.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, November 9th. Robert W. Baird decreased their target price on shares of Amdocs to $85.00 in a research note on Tuesday, November 15th. Barclays boosted their target price on shares of Amdocs to $100.00 in a research note on Tuesday, November 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $84.00 price target on shares of Amdocs in a report on Thursday, November 10th.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $89.51 on Friday. The firm has a market cap of $10.81 billion, a PE ratio of 20.16, a PEG ratio of 1.47 and a beta of 0.66. The firm has a fifty day moving average of $87.68 and a 200 day moving average of $85.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.60 and a current ratio of 1.60. Amdocs Limited has a one year low of $72.63 and a one year high of $92.80.

Amdocs (NASDAQ:DOXGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.16 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a net margin of 12.01% and a return on equity of 16.62%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, research analysts predict that Amdocs Limited will post 5.31 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 29th. Amdocs’s payout ratio is 35.59%.

Amdocs Company Profile

(Get Rating)

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 CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

Further Reading

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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