BNP Paribas Financial Markets lifted its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 192,958 shares of the technology company's stock after purchasing an additional 59,639 shares during the quarter. BNP Paribas Financial Markets owned 0.16% of Amdocs worth $16,959,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DOX. Versor Investments LP increased its position in shares of Amdocs by 299.8% during the 4th quarter. Versor Investments LP now owns 11,941 shares of the technology company's stock valued at $1,049,000 after purchasing an additional 8,954 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Amdocs during the 4th quarter valued at about $63,000. Wrapmanager Inc. bought a new position in shares of Amdocs during the 4th quarter valued at about $203,000. Evexia Wealth LLC boosted its holdings in Amdocs by 2.5% during the 4th quarter. Evexia Wealth LLC now owns 44,155 shares of the technology company's stock valued at $4,082,000 after acquiring an additional 1,066 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Amdocs by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 171,456 shares of the technology company's stock valued at $15,069,000 after acquiring an additional 5,211 shares during the period. 92.02% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Citigroup dropped their target price on Amdocs from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Barclays increased their price objective on Amdocs from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Robert W. Baird dropped their price objective on Amdocs from $97.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 9th. Finally, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, March 15th. One equities 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.83.
Get Our Latest Report on DOX
Amdocs Stock Down 0.0 %
Shares of DOX traded down $0.02 on Wednesday, reaching $82.05. The stock had a trading volume of 639,174 shares, compared to its average volume of 690,962. Amdocs Limited has a 12-month low of $78.38 and a 12-month high of $99.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.36 and a beta of 0.70. The company has a 50-day simple moving average of $87.71 and a 200-day simple moving average of $87.62.
Amdocs Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, June 28th. Amdocs's payout ratio is 43.15%.
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.
Featured Stories
Before you consider Amdocs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amdocs wasn't on the list.
While Amdocs currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
