Amdocs Limited (NASDAQ:DOX) Stake Increased by DigitalBridge Group Inc.

DigitalBridge Group Inc. increased its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 759,272 shares of the technology company's stock after acquiring an additional 90,652 shares during the period. Amdocs comprises approximately 4.6% of DigitalBridge Group Inc.'s portfolio, making the stock its 6th largest position. DigitalBridge Group Inc. owned about 0.67% of Amdocs worth $64,644,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new stake in Amdocs during the fourth quarter valued at about $41,000. Global Retirement Partners LLC grew its stake 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 valued at $48,000 after buying an additional 175 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Amdocs by 55.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after buying an additional 208 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Institutional investors own 92.02% of the company's stock.

Amdocs Stock Performance

Amdocs stock opened at $90.47 on Wednesday. The stock's 50 day moving average is $87.10 and its 200 day moving average is $86.98. The company has a market capitalization of $10.21 billion, a P/E ratio of 20.99, a PEG ratio of 1.47 and a beta of 0.51. Amdocs Limited has a twelve month low of $74.41 and a twelve month 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.

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 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%. On average, equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.

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