Amdocs Limited (NASDAQ:DOX) Shares Acquired by Edmp Inc.

Edmp Inc. boosted its holdings in Amdocs Limited (NASDAQ:DOX) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,808 shares of the technology company’s stock after acquiring an additional 934 shares during the quarter. Edmp Inc.’s holdings in Amdocs were worth $1,090,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DOX. Private Trust Co. NA increased its stake in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Amdocs during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Amdocs during the third quarter valued at approximately $55,000. GAMMA Investing LLC boosted its position in Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after acquiring an additional 428 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Amdocs in the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $85.80 on Tuesday. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The business has a 50-day moving average of $85.94 and a 200-day moving average of $86.47.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be given a $0.527 dividend. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is presently 44.55%.

Wall Street Analysts Forecast Growth

DOX has been the topic of several recent analyst reports. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $101.20.

About Amdocs

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.