Westwood Holdings Group Inc. lessened its stake in Amdocs Limited (NASDAQ:DOX) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,126,814 shares of the technology company’s stock after selling 115,427 shares during the quarter. Amdocs comprises about 1.2% of Westwood Holdings Group Inc.’s holdings, making the stock its 21st largest holding. Westwood Holdings Group Inc. owned 1.48% of Amdocs worth $141,902,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of DOX. Delpha Capital Management LLC purchased a new position in Amdocs in the fourth quarter worth approximately $109,000. Focused Wealth Management Inc purchased a new position in Amdocs in the fourth quarter worth approximately $157,000. Bristol John W & Co. Inc. NY purchased a new position in Amdocs in the first quarter worth approximately $193,000. American International Group Inc. purchased a new position in Amdocs in the fourth quarter worth approximately $199,000. Finally, MANA Advisors LLC purchased a new position in Amdocs in the fourth quarter worth approximately $279,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Amdocs opened at $69.30 on Thursday, according to Marketbeat. The firm has a market capitalization of $9.87 billion, a PE ratio of 19.52, a P/E/G ratio of 2.31 and a beta of 0.55. Amdocs Limited has a 12-month low of $61.00 and a 12-month high of $71.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 28th. Amdocs’s dividend payout ratio is presently 28.17%.
DOX has been the subject of several analyst reports. ValuEngine upgraded Amdocs from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Jefferies Group upgraded Amdocs from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $71.37 to $60.20 in a research report on Monday, March 19th. BidaskClub upgraded Amdocs from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded Amdocs from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, April 3rd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Amdocs in a research report on Monday, April 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Amdocs currently has an average rating of “Hold” and a consensus target price of $70.03.
Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.
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