Sigma Planning Corp Invests $205,000 in Amdocs Limited (NASDAQ:DOX)

Posted by on Feb 24th, 2023

Sigma Planning Corp acquired a new position in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,586 shares of the technology company’s stock, valued at approximately $205,000.

A number of other large investors have also modified their holdings of DOX. BOKF NA grew its stake in shares of Amdocs by 19.6% during the second quarter. BOKF NA now owns 4,928 shares of the technology company’s stock worth $410,000 after purchasing an additional 808 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Amdocs by 76.1% during the third quarter. Illinois Municipal Retirement Fund now owns 94,292 shares of the technology company’s stock worth $7,491,000 after purchasing an additional 40,748 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Amdocs by 15.1% during the second quarter. SG Americas Securities LLC now owns 7,364 shares of the technology company’s stock worth $613,000 after purchasing an additional 966 shares in the last quarter. CWM LLC grew its stake in shares of Amdocs by 7.3% during the third quarter. CWM LLC now owns 76,448 shares of the technology company’s stock worth $6,074,000 after purchasing an additional 5,215 shares in the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Amdocs during the second quarter worth $4,066,000. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DOX shares. Oppenheimer boosted their target price on shares of Amdocs from $94.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Citigroup decreased their price objective 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. Barclays upped their price objective on shares of Amdocs to $100.00 in a research note on Tuesday, November 15th. Finally, Robert W. Baird upped their price objective on shares of Amdocs from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

Amdocs Price Performance

Shares of DOX opened at $94.34 on Friday. Amdocs Limited has a fifty-two week low of $75.19 and a fifty-two week high of $97.08. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.63 and a beta of 0.65. The firm has a 50-day simple moving average of $91.61 and a 200-day simple moving average of $86.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.435 per share. This is an increase from Amdocs’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 30th. This represents a $1.74 annualized dividend and a dividend yield of 1.84%. Amdocs’s dividend payout ratio is 35.59%.

Amdocs Profile

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Amdocs Ltd. is a holding company, which engages in the provision of software products and services for the communications, entertainment, and media industry service providers. The company was founded in 1988 and is headquartered in Saint Louis, MO.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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