Tempus Wealth Planning LLC Grows Stock Position in Amdocs Limited (NASDAQ:DOX)

Tempus Wealth Planning LLC lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 9.1% during the first quarter, Holdings Channel.com reports. The fund owned 3,977 shares of the technology company’s stock after acquiring an additional 333 shares during the period. Tempus Wealth Planning LLC’s holdings in Amdocs were worth $359,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DOX. GAMMA Investing LLC acquired a new stake in Amdocs in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of Amdocs in the fourth quarter worth $26,000. Norwood Financial Corp acquired a new stake in shares of Amdocs during the first quarter worth $33,000. VisionPoint Advisory Group LLC grew its holdings in shares of Amdocs by 77.7% during the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 220 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Amdocs in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

DOX has been the topic of several research analyst reports. Citigroup dropped their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Robert W. Baird decreased their target price 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 downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and an average price target of $103.80.

Amdocs Price Performance

Shares of DOX opened at $78.13 on Friday. The business’s 50-day moving average is $79.93 and its two-hundred day moving average is $86.43. The company has a market capitalization of $9.18 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.38 and a beta of 0.74. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $98.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, May 8th. The technology company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.05). Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Research analysts predict that Amdocs Limited will post 5.72 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be paid a $0.479 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, June 28th. Amdocs’s dividend payout ratio is currently 43.15%.

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.