Osaic Holdings Inc. Acquires 11,041 Shares of Amdocs Limited $DOX

Osaic Holdings Inc. increased its stake in Amdocs Limited (NASDAQ:DOX) by 78.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,078 shares of the technology company’s stock after buying an additional 11,041 shares during the quarter. Osaic Holdings Inc.’s holdings in Amdocs were worth $2,293,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Dakota Wealth Management purchased a new stake in Amdocs during the 2nd quarter worth about $458,000. JPMorgan Chase & Co. increased its position in shares of Amdocs by 13.6% during the second quarter. JPMorgan Chase & Co. now owns 266,124 shares of the technology company’s stock valued at $24,281,000 after buying an additional 31,827 shares during the period. Foster & Motley Inc. lifted its holdings in shares of Amdocs by 21.0% in the second quarter. Foster & Motley Inc. now owns 45,764 shares of the technology company’s stock worth $4,176,000 after buying an additional 7,934 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Amdocs by 91.8% in the second quarter. Savant Capital LLC now owns 8,243 shares of the technology company’s stock worth $752,000 after buying an additional 3,946 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Amdocs by 36.2% in the second quarter. Acadian Asset Management LLC now owns 684,218 shares of the technology company’s stock valued at $62,416,000 after acquiring an additional 181,719 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DOX. Bank of America decreased their target price on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Wolfe Research reiterated a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Stifel Nicolaus decreased their target price on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Amdocs currently has an average rating of “Moderate Buy” and a consensus target price of $97.00.

Amdocs Stock Up 0.5%

DOX opened at $81.73 on Friday. The business’s fifty day simple moving average is $79.82 and its 200 day simple moving average is $84.45. Amdocs Limited has a 52 week low of $74.32 and a 52 week high of $95.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. The stock has a market cap of $8.82 billion, a PE ratio of 16.18, a P/E/G ratio of 1.38 and a beta of 0.43.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a $0.527 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 2.6%. Amdocs’s dividend payout ratio is currently 41.78%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.