Amdocs Limited $DOX Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lowered its holdings in Amdocs Limited (NASDAQ:DOX) by 16.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 102,815 shares of the technology company’s stock after selling 20,036 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Amdocs were worth $8,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WealthCollab LLC lifted its holdings in Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after acquiring an additional 173 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Amdocs in the third quarter valued at $37,000. BOK Financial Private Wealth Inc. acquired a new stake in Amdocs in the fourth quarter valued at $37,000. Abich Financial Wealth Management LLC acquired a new stake in Amdocs in the third quarter valued at $39,000. Finally, Advisory Services Network LLC acquired a new stake in Amdocs in the third quarter valued at $42,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOX shares. Stifel Nicolaus reduced their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Cfra downgraded Amdocs to a “sell” rating in a report on Thursday, May 14th. Barclays cut their price target on Amdocs from $111.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Wall Street Zen downgraded Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Amdocs has a consensus rating of “Hold” and an average price target of $86.67.

Amdocs Trading Up 3.6%

Shares of DOX stock opened at $65.26 on Tuesday. The firm has a 50-day moving average price of $64.26 and a 200 day moving average price of $71.80. Amdocs Limited has a twelve month low of $59.40 and a twelve month high of $95.41. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.97 and a beta of 0.38. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that Amdocs Limited will post 7.41 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.569 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a yield of 3.5%. Amdocs’s payout ratio is presently 45.60%.

Amdocs Company Profile

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.