Amdocs Target of Unusually Large Options Trading (NASDAQ:DOX)

by · The Cerbat Gem

Amdocs Limited (NASDAQ:DOX – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 3,620 call options on the company. This is an increase of 1,747% compared to the typical volume of 196 call options.

Amdocs Price Performance

DOX traded down $0.02 on Tuesday, reaching $80.08. The stock had a trading volume of 862,237 shares, compared to its average volume of 825,057. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. Amdocs has a fifty-two week low of $74.32 and a fifty-two week high of $95.41. The firm has a 50-day moving average of $79.96 and a 200-day moving average of $84.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Amdocs’s dividend payout ratio is 41.78%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Amdocs by 9.3% during the third quarter. Allworth Financial LP now owns 2,570 shares of the technology company’s stock worth $211,000 after acquiring an additional 218 shares during the period. CIBC Private Wealth Group LLC boosted its position in Amdocs by 190.2% during the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after purchasing an additional 390 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Amdocs in the 3rd quarter valued at approximately $502,000. Caitong International Asset Management Co. Ltd grew its position in shares of Amdocs by 68.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 795 shares of the technology company’s stock valued at $65,000 after purchasing an additional 323 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Amdocs during the 3rd quarter valued at about $42,000. 92.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOX. Wolfe Research reiterated a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Bank of America decreased their price objective on Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Stifel Nicolaus reduced their target price on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Amdocs has an average rating of “Moderate Buy” and an average price target of $97.00.

View Our Latest Research Report on Amdocs

Amdocs Company Profile

(Get 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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