Amdocs Limited (NASDAQ:DOX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in Amdocs Limited (NASDAQ:DOX) by 65.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,523 shares of the technology company’s stock after selling 34,705 shares during the quarter. Jane Street Group LLC’s holdings in Amdocs were worth $1,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DOX. Bank of New York Mellon Corp increased its position in shares of Amdocs by 46.8% during the second quarter. Bank of New York Mellon Corp now owns 512,722 shares of the technology company’s stock worth $40,464,000 after purchasing an additional 163,371 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Amdocs in the second quarter valued at about $413,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Amdocs during the second quarter worth about $1,191,000. Signaturefd LLC raised its holdings in Amdocs by 6.2% during the second quarter. Signaturefd LLC now owns 4,107 shares of the technology company’s stock worth $324,000 after purchasing an additional 241 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Amdocs by 3.4% in the second quarter. Van ECK Associates Corp now owns 35,898 shares of the technology company’s stock valued at $2,833,000 after purchasing an additional 1,187 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Down 0.2 %

DOX stock opened at $86.70 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. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The firm has a market capitalization of $9.79 billion, a PE ratio of 20.45, a P/E/G ratio of 1.45 and a beta of 0.72. The company’s 50 day simple moving average is $87.78 and its 200-day simple moving average is $85.02.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, December 31st. Amdocs’s payout ratio is 45.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DOX. Stifel Nicolaus began coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price for the company. 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 decreased their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Company 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.