Callan Family Office LLC Makes New $234,000 Investment in Amdocs Limited (NASDAQ:DOX)

Callan Family Office LLC bought a new position in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,746 shares of the technology company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DOX. Private Trust Co. NA increased its position in shares of Amdocs by 62.9% in the third 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. Brooklyn Investment Group purchased a new position in Amdocs during the third quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs during the fourth quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC grew its position in Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Trading Down 1.9 %

Shares of Amdocs stock opened at $88.79 on Wednesday. The firm has a market capitalization of $10.02 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company’s fifty day moving average price is $86.54 and its two-hundred day moving average price is $87.03. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $93.83.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. On average, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.37%. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio is currently 48.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DOX shares. Barclays lowered 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. Oppenheimer boosted their price objective on shares of 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 downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs 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.