Amdocs Limited (NASDAQ:DOX) Shares Sold by Callan Capital LLC

Callan Capital LLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,552 shares of the technology company’s stock after selling 210 shares during the period. Callan Capital LLC’s holdings in Amdocs were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DOX. Creative Planning increased its holdings in Amdocs by 37.3% in the third quarter. Creative Planning now owns 15,111 shares of the technology company’s stock valued at $1,322,000 after buying an additional 4,104 shares during the last quarter. Blue Trust Inc. lifted its stake in Amdocs by 58.2% during the third quarter. Blue Trust Inc. now owns 1,800 shares of the technology company’s stock worth $157,000 after purchasing an additional 662 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Amdocs during the third quarter valued at $226,000. Private Advisor Group LLC raised its holdings in shares of Amdocs by 3.2% during the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after purchasing an additional 175 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Amdocs in the 3rd quarter worth about $8,950,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 1.6 %

Shares of NASDAQ:DOX opened at $87.91 on Monday. The company has a 50 day moving average of $86.07 and a 200-day moving average of $86.66. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.92 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.47 and a beta of 0.71. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.40%. Amdocs’s payout ratio is 48.72%.

Analysts Set New Price Targets

DOX has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays reduced their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amdocs presently has an average rating of “Moderate Buy” and a consensus 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.