Osaic Holdings Inc. Increases Stake in Amdocs Limited $DOX

Osaic Holdings Inc. increased its holdings in Amdocs Limited (NASDAQ:DOX) by 78.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,078 shares of the technology company’s stock after purchasing an additional 11,041 shares during the quarter. Osaic Holdings Inc.’s holdings in Amdocs were worth $2,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Dakota Wealth Management bought a new position in shares of Amdocs during the second quarter valued at about $458,000. JPMorgan Chase & Co. boosted its holdings in Amdocs by 13.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 266,124 shares of the technology company’s stock valued at $24,281,000 after acquiring an additional 31,827 shares during the period. Foster & Motley Inc. grew its position in Amdocs by 21.0% during the 2nd quarter. Foster & Motley Inc. now owns 45,764 shares of the technology company’s stock worth $4,176,000 after acquiring an additional 7,934 shares during the last quarter. Savant Capital LLC increased its stake in Amdocs by 91.8% in the 2nd quarter. Savant Capital LLC now owns 8,243 shares of the technology company’s stock worth $752,000 after purchasing an additional 3,946 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Amdocs by 36.2% in the second quarter. Acadian Asset Management LLC now owns 684,218 shares of the technology company’s stock valued at $62,416,000 after purchasing an additional 181,719 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a research report on Thursday, October 30th. Wolfe Research reissued a “peer perform” rating on shares of Amdocs in a report on Thursday, November 13th. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Bank of America dropped 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

Amdocs Stock Up 0.5%

Shares of NASDAQ DOX opened at $81.73 on Friday. The firm has a fifty day simple moving average of $79.82 and a two-hundred day simple moving average of $84.45. Amdocs Limited has a 12 month low of $74.32 and a 12 month high of $95.41. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $8.82 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43.

Amdocs Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 2.6%. Amdocs’s dividend payout ratio (DPR) is 41.78%.

About Amdocs

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.