OneAscent Financial Services LLC increased its stake in Amdocs Limited (NASDAQ:DOX) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,865 shares of the technology company’s stock after acquiring an additional 697 shares during the period. OneAscent Financial Services LLC’s holdings in Amdocs were worth $416,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its stake in shares of Amdocs by 9.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,678 shares of the technology company’s stock worth $474,000 after buying an additional 584 shares during the last quarter. Diversified Trust Co bought a new position in shares of Amdocs during the 4th quarter valued at $212,000. HGK Asset Management Inc. raised its holdings in Amdocs by 6.6% in the 4th quarter. HGK Asset Management Inc. now owns 63,132 shares of the technology company’s stock worth $4,478,000 after purchasing an additional 3,905 shares during the period. Strs Ohio raised its holdings in Amdocs by 31.0% in the 3rd quarter. Strs Ohio now owns 47,213 shares of the technology company’s stock worth $2,710,000 after purchasing an additional 11,162 shares during the period. Finally, Brinker Capital Investments LLC bought a new position in Amdocs in the 3rd quarter worth $1,505,000. 84.00% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on DOX shares. JPMorgan Chase & Co. raised Amdocs from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Wednesday, November 11th. BidaskClub raised Amdocs from a “strong sell” rating to a “sell” rating in a report on Sunday, November 29th. Finally, ValuEngine raised Amdocs from a “sell” rating to a “hold” rating in a report on Friday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $75.00.
Shares of Amdocs stock opened at $70.20 on Thursday. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.83 and a beta of 0.75. The business has a 50-day moving average price of $68.51 and a 200-day moving average price of $61.89. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Amdocs Limited has a twelve month low of $44.05 and a twelve month high of $77.29.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, November 10th. The technology company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Amdocs had a return on equity of 15.57% and a net margin of 11.94%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. On average, equities analysts expect that Amdocs Limited will post 4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Investors of record on Thursday, December 31st will be given a $0.327 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $1.31 annualized dividend and a yield of 1.86%. Amdocs’s dividend payout ratio is currently 31.26%.
Amdocs Limited, through its subsidiaries, provides software and services to the communications, cable and satellite, entertainment, and media industry service providers worldwide. The company offers a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support and operations, such as end-to-end systems integration, managed, testing, cloud, digital business operations, and consulting services that addresses service providers business imperatives, including consumer experience and monetization, media and digital services, enterprise and connected society, open cloud networks, new domains and disruptions, and services and hybrid operations.
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