Seizert Capital Partners LLC Takes Position in Amdocs Limited (NASDAQ:DOX)

Seizert Capital Partners LLC acquired a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 319,252 shares of the technology company's stock, valued at approximately $28,059,000. Seizert Capital Partners LLC owned about 0.27% of Amdocs as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in shares of Amdocs by 31.0% during the 3rd quarter. Invesco Ltd. now owns 2,629,346 shares of the technology company's stock worth $222,153,000 after purchasing an additional 621,962 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Amdocs by 1.9% in the third quarter. Nordea Investment Management AB now owns 2,109,185 shares of the technology company's stock valued at $180,905,000 after buying an additional 38,452 shares during the period. American Century Companies Inc. lifted its position in shares of Amdocs by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 1,980,219 shares of the technology company's stock valued at $167,309,000 after buying an additional 115,744 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Amdocs by 5.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,289,317 shares of the technology company's stock worth $108,934,000 after acquiring an additional 69,825 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in Amdocs by 4.0% in the 3rd quarter. Brandes Investment Partners LP now owns 1,148,342 shares of the technology company's stock worth $97,023,000 after acquiring an additional 44,098 shares during the last quarter. Institutional investors own 92.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DOX shares. Barclays upped their price objective on shares of Amdocs from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. StockNews.com downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 15th. Robert W. Baird decreased their price target on Amdocs from $97.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Citigroup lowered their price target on shares of Amdocs from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Amdocs currently has an average rating of "Moderate Buy" and a consensus price target of $104.83.

Amdocs Price Performance

Amdocs stock traded up $1.53 during midday trading on Friday, hitting $83.23. 1,479,860 shares of the company's stock were exchanged, compared to its average volume of 705,414. The company has a market cap of $9.78 billion, a P/E ratio of 18.70, a PEG ratio of 1.35 and a beta of 0.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day moving average price of $88.24 and a two-hundred day moving average price of $87.60. Amdocs Limited has a 52-week low of $78.38 and a 52-week high of $99.75.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, June 28th. Amdocs's payout ratio is 43.15%.

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.