Valley Wealth Managers Inc. Sells 8,818 Shares of Amdocs Limited $DOX

by · The Markets Daily

Valley Wealth Managers Inc. trimmed its stake in Amdocs Limited (NASDAQ:DOX – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,469 shares of the technology company’s stock after selling 8,818 shares during the period. Valley Wealth Managers Inc.’s holdings in Amdocs were worth $19,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC grew its stake in Amdocs by 2.1% in the 2nd quarter. Pzena Investment Management LLC now owns 6,551,065 shares of the technology company’s stock worth $597,719,000 after buying an additional 132,463 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Amdocs by 6.6% during the 2nd quarter. LSV Asset Management now owns 3,391,510 shares of the technology company’s stock worth $309,441,000 after acquiring an additional 211,009 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Amdocs by 3.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,111,312 shares of the technology company’s stock worth $252,856,000 after acquiring an additional 91,428 shares in the last quarter. Brandes Investment Partners LP increased its stake in Amdocs by 1.2% in the second quarter. Brandes Investment Partners LP now owns 2,328,804 shares of the technology company’s stock valued at $212,481,000 after acquiring an additional 27,581 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Amdocs by 18.0% during the second quarter. Nordea Investment Management AB now owns 1,879,023 shares of the technology company’s stock valued at $170,803,000 after purchasing an additional 287,235 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of DOX stock opened at $81.07 on Friday. The company has a market capitalization of $8.75 billion, a P/E ratio of 16.05, a PEG ratio of 1.39 and a beta of 0.40. Amdocs Limited has a fifty-two week low of $74.32 and a fifty-two week high of $95.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $80.19 and a two-hundred day moving average price of $82.93.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Amdocs’s dividend payout ratio (DPR) is 41.78%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Amdocs in a report on Tuesday. Wolfe Research restated a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Stifel Nicolaus cut their target price on Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Bank of America decreased their price target on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Amdocs currently has an average rating of “Moderate Buy” and a consensus price target of $97.00.

Read Our Latest Research Report on Amdocs

About Amdocs

(Free Report)

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.

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