Farringdon Capital Ltd. Acquires New Position in Amdocs Limited (NASDAQ:DOX)

Farringdon Capital Ltd. acquired a new stake in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,574 shares of the technology company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Amdocs in the 4th quarter valued at approximately $41,000. Global Retirement Partners LLC increased its stake in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Private Trust Co. NA lifted its stake in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after buying an additional 368 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Amdocs by 199.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock valued at $59,000 after buying an additional 457 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Stock Performance

Shares of DOX opened at $83.18 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34. The firm has a fifty day simple moving average of $87.40 and a 200 day simple moving average of $87.12. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.47 and a beta of 0.59.

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

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a dividend yield of 2.53%. Amdocs’s dividend payout ratio (DPR) is currently 48.72%.

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.