Amdocs (NASDAQ:DOX) Insider Shimie Hortig Sells 7,264 Shares of Stock

Amdocs Limited (NASDAQ:DOX) insider Shimie Hortig sold 7,264 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $42.18, for a total transaction of $306,395.52. Following the completion of the sale, the insider owned 174,432 shares of the company’s stock, valued at $7,357,541.76. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shimie Hortig also recently made the following trade(s):

• On Wednesday, November 11th, Shimie Hortig sold 1,733 shares of Amdocs stock. The shares were sold at an average price of $43.14, for a total transaction of $74,761.62.

Amdocs Stock Performance

Shares of Amdocs stock traded up $0.68 on Friday, reaching $44.79. 2,245,070 shares of the stock were exchanged, compared to its average volume of 2,150,916. Amdocs Limited has a 1-year low of $39.96 and a 1-year high of $84.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $57.51 and a two-hundred day moving average price of $60.98. The firm has a market capitalization of $4.84 billion, a PE ratio of 9.59, a PEG ratio of 1.44 and a beta of 0.42.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.98 EPS for the quarter, meeting analysts’ consensus estimates of $1.98. Amdocs had a net margin of 10.59% and a return on equity of 20.81%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $1.83 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Amdocs Limited will post 5.82 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 31st will be paid a $0.5690 dividend. The ex-dividend date is Thursday, December 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.1%. Amdocs’s payout ratio is 48.82%.

Latest Amdocs News

Here’s some of the latest news about DOX:

• Positive Sentiment: Three directors reported purchases of Amdocs shares, including Yvette Kanouff’s $100,800 purchase and John Anthony Macdonald’s $41,630 purchase. These transactions may signal confidence in the company, although insider buying is not a guarantee of future performance. SEC filing
• Positive Sentiment: Amdocs is seeking shareholder approval for a 3% quarterly dividend increase, which could bolster its appeal to income-focused investors. Dividend proposal
• Neutral Sentiment: Call-option trading was unusually active, with 2,152 calls purchased—about 430% above the average daily volume. The activity may reflect bullish positioning, but options trading alone does not establish a lasting change in sentiment.

Institutional Trading of Amdocs

Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Amdocs in the 3rd quarter valued at about $40,432,000. Dimensional Fund Advisors LP lifted its holdings in shares of Amdocs by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock worth $226,045,000 after acquiring an additional 571,036 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Amdocs by 3.4% during the 3rd quarter. Pzena Investment Management LLC now owns 14,454,911 shares of the technology company’s stock worth $826,532,000 after acquiring an additional 469,581 shares during the period. Bank of America Corp DE lifted its holdings in shares of Amdocs by 29.1% during the 1st quarter. Bank of America Corp DE now owns 1,262,263 shares of the technology company’s stock worth $82,375,000 after acquiring an additional 284,435 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Amdocs by 18.7% in the third quarter. First Trust Advisors LP now owns 1,637,842 shares of the technology company’s stock worth $93,652,000 after acquiring an additional 258,098 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DOX shares. Oppenheimer cut Amdocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 4th. Stifel Nicolaus decreased their target price on shares of Amdocs from $71.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Zacks Research cut shares of Amdocs from a “hold” rating to a “strong sell” rating in a research note on Monday, November 9th. Weiss Ratings raised shares of Amdocs from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Amdocs presently has an average rating of “Hold” and a consensus target price of $69.00.

Amdocs Company Profile

Amdocs provides software and services to communications and media companies. Its offerings include business and operational support systems for billing, customer management, service delivery and network operations, as well as cloud and digital solutions that help clients modernize their businesses and improve customer experiences. Founded in 1982, Amdocs serves communications and media providers in markets around the world. The company is headquartered in the St. Louis, Missouri, area and is led by President and Chief Executive Officer Shuky Sheffer.