Running Oak Capital LLC Purchases 11,497 Shares of Amdocs Limited (NASDAQ:DOX)

Running Oak Capital LLC boosted its position in Amdocs Limited (NASDAQ:DOX) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,013 shares of the technology company’s stock after purchasing an additional 11,497 shares during the quarter. Running Oak Capital LLC owned about 0.14% of Amdocs worth $13,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC acquired a new position in shares of Amdocs during the 4th quarter worth approximately $214,000. Mutual Advisors LLC increased its position in shares of Amdocs by 15.2% in the fourth quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company’s stock worth $319,000 after purchasing an additional 496 shares during the period. Janney Montgomery Scott LLC acquired a new position in Amdocs in the fourth quarter valued at about $350,000. Liberty One Investment Management LLC lifted its position in Amdocs by 2.5% during the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock worth $18,002,000 after purchasing an additional 5,252 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of Amdocs by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock worth $327,000 after acquiring an additional 264 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Up 0.8 %

Shares of DOX stock opened at $85.28 on Friday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The stock’s fifty day simple moving average is $85.69 and its 200 day simple moving average is $86.10. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.63 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.42 and a beta of 0.71.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is currently 45.28%.

Analyst Upgrades and Downgrades

Several research analysts have commented on DOX shares. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Stifel Nicolaus started coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. Barclays reduced their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amdocs 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.