Crossmark Global Holdings Inc. Sells 10,163 Shares of Amdocs Limited $DOX

Crossmark Global Holdings Inc. lowered its holdings in Amdocs Limited (NASDAQ:DOX) by 7.5% during the third quarter, HoldingsChannel.com reports. The fund owned 124,561 shares of the technology company’s stock after selling 10,163 shares during the period. Crossmark Global Holdings Inc.’s holdings in Amdocs were worth $7,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Amdocs by 16.4% during the third quarter. Farther Finance Advisors LLC now owns 1,292 shares of the technology company’s stock worth $74,000 after purchasing an additional 182 shares during the period. Alpine Bank Wealth Management boosted its holdings in Amdocs by 58.2% during the third quarter. Alpine Bank Wealth Management now owns 500 shares of the technology company’s stock valued at $29,000 after purchasing an additional 184 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Amdocs by 3.5% during the first quarter. Sequoia Financial Advisors LLC now owns 6,443 shares of the technology company’s stock valued at $420,000 after purchasing an additional 218 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Amdocs by 8.5% in the 2nd quarter. Fulton Bank N.A. now owns 4,667 shares of the technology company’s stock valued at $236,000 after purchasing an additional 367 shares during the period. Finally, Burney Co. grew its stake in shares of Amdocs by 3.5% in the 1st quarter. Burney Co. now owns 15,317 shares of the technology company’s stock valued at $1,000,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DOX. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. KeyCorp started coverage on Amdocs in a research report on Monday, June 29th. They set a “sector weight” rating for the company. Finally, Weiss Ratings lowered Amdocs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs Trading Up 3.2%

Shares of Amdocs stock opened at $63.57 on Friday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 0.99 and a beta of 0.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $60.24 and a 200 day simple moving average of $59.12. Amdocs Limited has a 12-month low of $49.74 and a 12-month high of $85.63.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Research analysts expect that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.5690 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.6%. Amdocs’s dividend payout ratio (DPR) is presently 54.29%.

Amdocs Company Profile

Amdocs Ltd. (NASDAQ: DOX) is a global provider of software and technology services for communications, media and entertainment companies. Its solutions help service providers manage customer relationships, billing, subscriptions, product offerings and digital experiences across consumer and enterprise markets.

The company’s portfolio includes business support systems and operational support systems, cloud-based software, artificial intelligence and automation tools, network and service management platforms, and solutions for media distribution and monetization.