2,574 Shares in Amdocs Limited (NASDAQ:DOX) Acquired by Farringdon Capital Ltd.

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wasatch Advisors LP lifted its position in Amdocs by 5.4% during the fourth quarter. Wasatch Advisors LP now owns 40,860 shares of the technology company’s stock worth $3,479,000 after acquiring an additional 2,076 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Amdocs by 189.2% in the 4th quarter. NewEdge Advisors LLC now owns 14,689 shares of the technology company’s stock valued at $1,251,000 after buying an additional 9,610 shares in the last quarter. United Capital Financial Advisors LLC bought a new position in Amdocs during the 4th quarter worth $209,000. Causeway Capital Management LLC bought a new stake in shares of Amdocs in the fourth quarter valued at about $544,000. Finally, Townsquare Capital LLC boosted its position in shares of Amdocs by 7.4% in the fourth quarter. Townsquare Capital LLC now owns 6,056 shares of the technology company’s stock valued at $516,000 after acquiring an additional 418 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $83.18 on Friday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The stock 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. 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 50 day simple moving average is $87.40 and its 200 day simple moving average is $87.12.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change 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 payout ratio is 48.72%.

Analyst Upgrades and Downgrades

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

About Amdocs

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.