Running Oak Capital LLC Grows Holdings in Amdocs Limited $DOX

Running Oak Capital LLC increased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,194 shares of the technology company’s stock after purchasing an additional 8,071 shares during the period. Running Oak Capital LLC’s holdings in Amdocs were worth $15,084,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DOX. Nordea Investment Management AB grew its holdings in shares of Amdocs by 18.0% during the second quarter. Nordea Investment Management AB now owns 1,879,023 shares of the technology company’s stock worth $170,803,000 after buying an additional 287,235 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Amdocs by 130.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 380,817 shares of the technology company’s stock worth $34,746,000 after acquiring an additional 215,254 shares during the period. LSV Asset Management grew its stake in shares of Amdocs by 6.6% in the 2nd quarter. LSV Asset Management now owns 3,391,510 shares of the technology company’s stock valued at $309,441,000 after purchasing an additional 211,009 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Amdocs by 36.2% in the second quarter. Acadian Asset Management LLC now owns 684,218 shares of the technology company’s stock valued at $62,416,000 after purchasing an additional 181,719 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Amdocs by 207.3% during the second quarter. Treasurer of the State of North Carolina now owns 256,081 shares of the technology company’s stock worth $23,365,000 after purchasing an additional 172,759 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Down 1.2%

Shares of NASDAQ DOX opened at $80.99 on Tuesday. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.40. Amdocs Limited has a 52 week low of $74.32 and a 52 week high of $95.41. The firm has a 50-day moving average price of $80.42 and a 200 day moving average price of $82.74. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.23.

Amdocs Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on DOX. Stifel Nicolaus dropped their price objective on shares of 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 lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Bank of America cut their price target on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a report on Tuesday, January 27th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Amdocs in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.00.

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.