Value Holdings Management CO. LLC Acquires 28,000 Shares of Amdocs Limited $DOX

Value Holdings Management CO. LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 56.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,575 shares of the technology company’s stock after buying an additional 28,000 shares during the quarter. Amdocs makes up approximately 1.0% of Value Holdings Management CO. LLC’s portfolio, making the stock its 23rd largest holding. Value Holdings Management CO. LLC owned about 0.07% of Amdocs worth $6,365,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP boosted its stake in Amdocs by 42.2% in the first quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after acquiring an additional 116 shares during the last quarter. Alhambra Investment Management LLC raised its holdings in shares of Amdocs by 5.0% in the 2nd quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock worth $236,000 after purchasing an additional 124 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Amdocs by 2.4% in the 2nd quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock worth $516,000 after purchasing an additional 133 shares during the period. Mutual Advisors LLC lifted its stake in Amdocs by 3.2% in the second quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock valued at $397,000 after purchasing an additional 138 shares during the last quarter. Finally, MGO One Seven LLC grew its holdings in Amdocs by 5.1% during the second quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock valued at $264,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Up 0.8%

Shares of NASDAQ DOX opened at $80.48 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $79.99 and a 200-day moving average of $84.89. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.35 and a beta of 0.43. Amdocs Limited has a 12 month low of $74.32 and a 12 month high of $95.41.

Amdocs Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. 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 research note on Wednesday, November 12th. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday. Wolfe Research reissued a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.00.

About Amdocs

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.