Qsemble Capital Management LP Trims Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Qsemble Capital Management LP lowered its position in shares of Amdocs Limited (NASDAQ:DOX) by 41.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,280 shares of the technology company’s stock after selling 5,804 shares during the quarter. Qsemble Capital Management LP’s holdings in Amdocs were worth $724,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC increased its stake in shares of Amdocs by 12.3% in the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock worth $556,700,000 after acquiring an additional 696,136 shares in the last quarter. LSV Asset Management increased its stake in shares of Amdocs by 7.9% during the second quarter. LSV Asset Management now owns 3,207,155 shares of the technology company’s stock valued at $253,109,000 after purchasing an additional 234,096 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Amdocs by 36.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after purchasing an additional 851,022 shares during the last quarter. Brandes Investment Partners LP boosted its position in shares of Amdocs by 31.1% in the 2nd quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock worth $178,335,000 after purchasing an additional 536,359 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Amdocs by 39.5% in the 1st quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock worth $183,771,000 after purchasing an additional 576,168 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Amdocs Stock Performance

Shares of DOX stock opened at $87.37 on Wednesday. The firm has a market capitalization of $10.27 billion, a PE ratio of 20.61, a P/E/G ratio of 1.43 and a beta of 0.74. The company has a 50 day moving average price of $88.06 and a 200-day moving average price of $84.01. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Dividend Announcement

The business also recently announced 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 2.19%. Amdocs’s dividend payout ratio is presently 45.05%.

Amdocs Profile

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.