Amdocs Limited (NASDAQ:DOX) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,815,675 shares of the technology company’s stock after purchasing an additional 125,654 shares during the quarter. Pacer Advisors Inc. owned approximately 1.61% of Amdocs worth $154,587,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group bought a new stake in Amdocs during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Amdocs during the 3rd quarter worth $55,000. GAMMA Investing LLC grew its stake in shares of Amdocs by 115.1% in the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after purchasing an additional 428 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Amdocs during the third quarter valued at $77,000. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Up 0.8 %

NASDAQ DOX opened at $85.28 on Monday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a market capitalization of $9.63 billion, a P/E ratio of 20.11, a PEG ratio of 1.42 and a beta of 0.71. The company’s 50 day simple moving average is $85.69 and its 200 day simple moving average is $86.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.479 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.25%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DOX. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Oppenheimer upped their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays lowered their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, Stifel Nicolaus started coverage on Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.