Portfolio Design Labs LLC Increases Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Portfolio Design Labs LLC boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 294.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,650 shares of the technology company’s stock after purchasing an additional 10,191 shares during the quarter. Portfolio Design Labs LLC’s holdings in Amdocs were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its position in shares of Amdocs by 1.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after acquiring an additional 109 shares in the last quarter. Private Trust Co. NA grew its position in shares of Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Morton Community Bank grew its position in shares of Amdocs by 0.4% in the 3rd quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock worth $3,185,000 after acquiring an additional 130 shares in the last quarter. Private Advisor Group LLC boosted its position in Amdocs by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock valued at $492,000 after purchasing an additional 175 shares during the period. Finally, KFG Wealth Management LLC boosted its position in Amdocs by 8.2% during the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock valued at $213,000 after purchasing an additional 189 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOX has been the subject of a number of analyst reports. Barclays reduced their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Oppenheimer boosted their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $101.20.

Amdocs Trading Up 0.6 %

NASDAQ:DOX opened at $86.32 on Wednesday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.41 and a beta of 0.71. The business has a fifty day moving average of $85.90 and a 200-day moving average of $86.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities analysts predict that Amdocs Limited will post 6.21 earnings per share for the current 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 paid a $0.527 dividend. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 2.44%. Amdocs’s dividend payout ratio is presently 44.55%.

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.