Amdocs Limited (NASDAQ:DOX) Shares Purchased by Edmp Inc.

Edmp Inc. grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,808 shares of the technology company’s stock after purchasing an additional 934 shares during the period. Edmp Inc.’s holdings in Amdocs were worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB grew its position in Amdocs by 8.3% during the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock worth $141,112,000 after purchasing an additional 127,426 shares in the last quarter. Mirabella Financial Services LLP raised its holdings in Amdocs by 204.2% during the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock valued at $1,250,000 after buying an additional 9,600 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock worth $41,827,000 after buying an additional 9,098 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Amdocs by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after purchasing an additional 125,654 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Amdocs by 34.7% in the third quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock valued at $12,733,000 after acquiring an additional 37,516 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $85.80 on Tuesday. The business has a fifty day moving average of $85.94 and a 200-day moving average of $86.47. The firm has a market cap of $9.69 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results 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%. On average, equities research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be issued a $0.527 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend payout ratio is currently 44.55%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DOX. Oppenheimer boosted their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Barclays dropped their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amdocs currently has an average rating of “Buy” and an average 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.