Amdocs Limited (NASDAQ:DOX) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,265 shares of the technology company's stock after purchasing an additional 4,326 shares during the quarter. Wells Fargo & Company MN owned 0.18% of Amdocs worth $17,476,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. bought a new position in Amdocs in the 4th quarter worth about $41,000. Global Retirement Partners LLC boosted its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after purchasing an additional 175 shares during the period. Private Trust Co. NA grew its stake in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after purchasing an additional 368 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Amdocs by 199.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after purchasing an additional 457 shares during the period. Institutional investors own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $101.20.

Amdocs Price Performance

DOX stock traded down $0.10 during mid-day trading on Friday, reaching $83.18. 808,930 shares of the company's stock were exchanged, compared to its average volume of 704,373. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The stock's 50 day moving average is $87.40 and its 200 day moving average is $87.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, research analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.53%. Amdocs's dividend payout ratio is presently 48.72%.

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.