Trajan Wealth LLC Takes $210,000 Position in Amdocs Limited (NASDAQ:DOX)

Trajan Wealth LLC acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,462 shares of the technology company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC lifted its position in Amdocs by 6.3% during the third quarter. Barclays PLC now owns 290,376 shares of the technology company’s stock valued at $25,402,000 after acquiring an additional 17,097 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Amdocs during the 3rd quarter valued at $130,000. Tidal Investments LLC boosted its position in shares of Amdocs by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 113,671 shares of the technology company’s stock worth $9,944,000 after purchasing an additional 2,885 shares in the last quarter. Franklin Resources Inc. grew its stake in Amdocs by 71.6% during the 3rd quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company’s stock worth $13,580,000 after buying an additional 63,527 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Amdocs by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company’s stock valued at $90,355,000 after buying an additional 63,718 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 0.1 %

Amdocs stock opened at $83.18 on Monday. The stock has a 50-day moving average price of $87.40 and a 200 day moving average price of $87.12. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Sell-side analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

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.