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

Trajan Wealth LLC acquired a new position in shares of Amdocs Limited (NASDAQ:DOX) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,462 shares of the technology company’s stock, valued at approximately $210,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Amdocs by 25.4% during the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after purchasing an additional 543,490 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Amdocs during the 4th quarter worth approximately $44,494,000. Vanguard Group Inc. increased its position in shares of Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock valued at $261,756,000 after purchasing an additional 426,035 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Amdocs by 4.3% during the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after purchasing an additional 270,810 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Amdocs by 32.8% during the fourth quarter. Russell Investments Group Ltd. now owns 979,861 shares of the technology company’s stock worth $83,426,000 after purchasing an additional 242,093 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

NASDAQ DOX opened at $83.18 on Monday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. 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 has a market capitalization of $9.39 billion, a PE ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.59. The company has a fifty day moving average of $87.40 and a two-hundred day moving average of $87.12.

Amdocs (NASDAQ:DOX) last announced its 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 net margin of 10.19% and a return on equity of 18.89%. As a group, analysts expect that Amdocs Limited will post 6.21 earnings per share 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 given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a 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 (DPR) is presently 48.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.