Nebula Research & Development LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,656 shares of the technology company's stock, valued at approximately $652,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOX. Axxcess Wealth Management LLC increased its holdings in shares of Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock worth $207,000 after acquiring an additional 124 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Amdocs by 10.4% in the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock valued at $114,000 after buying an additional 126 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after acquiring an additional 175 shares during the period. CIBC Asset Management Inc boosted its stake in Amdocs by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock worth $308,000 after purchasing an additional 180 shares during the period. Finally, KFG Wealth Management LLC lifted its holdings in shares of Amdocs by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock valued at $213,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.
Amdocs Stock Up 0.9 %
Shares of NASDAQ:DOX traded up $0.76 during midday trading on Friday, reaching $89.39. The company had a trading volume of 404,371 shares, compared to its average volume of 700,905. The business's 50 day moving average price is $87.01 and its 200 day moving average price is $86.97. Amdocs Limited has a 1-year low of $74.41 and a 1-year 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. The stock has a market cap of $10.09 billion, a PE ratio of 20.74, a P/E/G ratio of 1.47 and a beta of 0.59.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (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%. Research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.
Amdocs Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were paid a $0.527 dividend. This is an increase from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 31st. Amdocs's dividend payout ratio (DPR) 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 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 company's stock. According to MarketBeat, Amdocs currently has a consensus rating of "Moderate Buy" and an average target price of $101.20.
Read Our Latest Research Report on DOX
About Amdocs
(
Free Report)
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.
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