Dudley & Shanley Inc. Boosts Stake in Amdocs Limited (NASDAQ:DOX)

Dudley & Shanley Inc. boosted its position in Amdocs Limited (NASDAQ:DOX) by 7.6% during the third quarter, Holdings Channel reports. The fund owned 261,826 shares of the technology company’s stock after acquiring an additional 18,600 shares during the period. Amdocs comprises 3.6% of Dudley & Shanley Inc.’s holdings, making the stock its 15th biggest holding. Dudley & Shanley Inc.’s holdings in Amdocs were worth $22,905,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its holdings in shares of Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after buying an additional 129 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Amdocs by 46.8% in the second quarter. Bank of New York Mellon Corp now owns 512,722 shares of the technology company’s stock worth $40,464,000 after buying an additional 163,371 shares during the period. Verdence Capital Advisors LLC raised its holdings in Amdocs by 8.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $327,000 after buying an additional 315 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Amdocs during the second quarter valued at about $413,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Amdocs by 41.9% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 296,360 shares of the technology company’s stock valued at $23,389,000 after acquiring an additional 87,487 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Down 0.5 %

DOX traded down $0.47 during trading on Monday, reaching $86.54. The stock had a trading volume of 675,091 shares, compared to its average volume of 684,225. The company has a current ratio of 1.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.45 and a beta of 0.72. The stock’s 50 day moving average is $87.93 and its two-hundred day moving average is $84.86. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.479 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. Amdocs’s dividend payout ratio (DPR) is currently 45.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOX. Oppenheimer boosted their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Barclays cut their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.