Impact Partnership Wealth LLC Takes Position in Amdocs Limited (NASDAQ:DOX)

Impact Partnership Wealth LLC acquired a new position in Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,511 shares of the technology company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DOX. Mutual Advisors LLC lifted its holdings in Amdocs by 15.2% during the 4th quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company’s stock worth $319,000 after buying an additional 496 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Amdocs during the fourth quarter worth about $350,000. Liberty One Investment Management LLC lifted its stake in shares of Amdocs by 2.5% in the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock worth $18,002,000 after acquiring an additional 5,252 shares during the period. HB Wealth Management LLC boosted its holdings in Amdocs by 7.4% in the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock valued at $327,000 after acquiring an additional 264 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Amdocs by 15.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock valued at $69,646,000 after purchasing an additional 107,349 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on DOX. Oppenheimer upped their target price on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays cut their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus started coverage on Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective for the company. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $85.28 on Friday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a 50 day moving average of $85.69 and a 200 day moving average of $86.04. The stock has a market cap of $9.63 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.42 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, December 31st. Amdocs’s dividend payout ratio is presently 45.28%.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.