Voya Investment Management LLC Sells 51,426 Shares of Amdocs Limited $DOX

Voya Investment Management LLC cut its position in Amdocs Limited (NASDAQ:DOX) by 77.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,972 shares of the technology company’s stock after selling 51,426 shares during the quarter. Voya Investment Management LLC’s holdings in Amdocs were worth $1,228,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC grew its position in shares of Amdocs by 2.1% in the 2nd quarter. Pzena Investment Management LLC now owns 6,551,065 shares of the technology company’s stock worth $597,719,000 after buying an additional 132,463 shares during the last quarter. LSV Asset Management boosted its stake in Amdocs by 6.6% in the second quarter. LSV Asset Management now owns 3,391,510 shares of the technology company’s stock valued at $309,441,000 after acquiring an additional 211,009 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in Amdocs by 38.6% in 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 during the last quarter. Brandes Investment Partners LP increased its position in shares of Amdocs by 1.2% during the second quarter. Brandes Investment Partners LP now owns 2,328,804 shares of the technology company’s stock worth $212,481,000 after purchasing an additional 27,581 shares in the last quarter. Finally, Nordea Investment Management AB increased its position 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 purchasing an additional 287,235 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of DOX stock 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 stock has a market cap of $8.77 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. The business has a 50-day simple moving average of $79.75 and a 200-day simple moving average of $84.22.

Amdocs Announces Dividend

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

Wall Street Analyst Weigh In

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