Atria Investments Inc Has $823,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Atria Investments Inc grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,408 shares of the technology company’s stock after purchasing an additional 634 shares during the quarter. Atria Investments Inc’s holdings in Amdocs were worth $823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC lifted its stake in Amdocs by 0.4% in the 2nd quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after purchasing an additional 120 shares during the last quarter. Raymond James Trust N.A. raised its stake in Amdocs by 2.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after acquiring an additional 129 shares during the period. Y.D. More Investments Ltd lifted its holdings in Amdocs by 1.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock valued at $741,000 after purchasing an additional 139 shares during the last quarter. Blue Trust Inc. boosted its position in Amdocs by 18.0% during the second quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after purchasing an additional 174 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Amdocs by 3.2% in the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock valued at $492,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on DOX shares. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus began coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. Oppenheimer upped their target price on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays dropped their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.83.

Amdocs Stock Up 0.0 %

Shares of DOX opened at $83.99 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The firm’s 50 day moving average is $88.16 and its 200-day moving average is $83.95. The stock has a market capitalization of $9.87 billion, a PE ratio of 19.81, a P/E/G ratio of 1.39 and a beta of 0.74.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.28%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

About Amdocs

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.