Voya Investment Management LLC Lowers Stake in Amdocs Limited $DOX

Voya Investment Management LLC lessened its holdings in Amdocs Limited (NASDAQ:DOX) by 77.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,972 shares of the technology company’s stock after selling 51,426 shares during the period. Voya Investment Management LLC’s holdings in Amdocs were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Alyeska Investment Group L.P. boosted its position in Amdocs by 38.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after purchasing an additional 648,693 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Amdocs by 43.0% during the 1st quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock worth $86,719,000 after buying an additional 287,243 shares during the period. Nordea Investment Management AB lifted its position in shares of Amdocs by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 1,879,023 shares of the technology company’s stock valued at $170,803,000 after buying an additional 287,235 shares in the last quarter. Woodline Partners LP acquired a new stake in Amdocs in the 1st quarter valued at $20,903,000. Finally, Qube Research & Technologies Ltd grew its stake in Amdocs by 130.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 380,817 shares of the technology company’s stock valued at $34,746,000 after acquiring an additional 215,254 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

DOX has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Wolfe Research restated a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Bank of America lowered their price objective on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Finally, Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and an average price target of $97.00.

Amdocs Stock Up 0.0%

Shares of NASDAQ:DOX opened at $81.27 on Wednesday. Amdocs Limited has a 52-week low of $74.32 and a 52-week high of $95.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $79.75 and a two-hundred day moving average of $84.22. The stock has a market cap of $8.77 billion, a P/E ratio of 16.09, a PEG ratio of 1.38 and a beta of 0.43.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.6%. Amdocs’s payout ratio is 41.78%.

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.