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

Amdocs Limited (NASDAQ:DOX) insider Shimie Hortig sold 7,264 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 174,432 shares of the company’s stock, valued at approximately $7,357,541.76. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $74,761.62.

Amdocs Stock Up 1.5%

DOX traded up $0.68 during trading on Friday, hitting $44.79. 2,245,070 shares of the company’s stock traded hands, compared to its average volume of 2,150,916. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.44 and a beta of 0.42. The company’s 50 day simple moving average is $57.51 and its two-hundred day simple moving average is $60.98. Amdocs Limited has a 12-month low of $39.96 and a 12-month 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.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.98 earnings per share for the quarter, hitting the consensus estimate of $1.98. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Amdocs had a return on equity of 20.81% and a net margin of 10.59%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 earnings per share. Analysts predict that Amdocs Limited will post 5.82 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.5690 per share. The ex-dividend date is Thursday, December 31st. This represents a $2.28 annualized dividend and a yield of 5.1%. Amdocs’s dividend payout ratio is currently 48.82%.

Institutional Investors Weigh In On Amdocs

A number of hedge funds have recently modified their holdings of DOX. Royal Bank of Canada raised its position in shares of Amdocs by 14.9% during the 1st quarter. Royal Bank of Canada now owns 446,125 shares of the technology company’s stock valued at $29,114,000 after purchasing an additional 57,740 shares during the period. Renaissance Technologies LLC boosted its holdings in Amdocs by 429.6% in the 1st quarter. Renaissance Technologies LLC now owns 291,800 shares of the technology company’s stock worth $19,043,000 after buying an additional 236,700 shares during the period. Steel Grove Capital Advisors LLC bought a new position in Amdocs in the 3rd quarter worth $2,229,000. TD Waterhouse Canada Inc. boosted its holdings in Amdocs by 14.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 247,521 shares of the technology company’s stock worth $12,682,000 after buying an additional 30,555 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Amdocs by 29.1% in 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 buying an additional 284,435 shares during the period. Institutional investors own 92.02% of the company’s stock.

Recent Amdocs Headlines

Here are a few of the latest headlines 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.

Wall Street Analyst Weigh In

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

About Amdocs

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.