Amdocs Limited (NASDAQ:DOX) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,839 shares of the technology company’s stock after purchasing an additional 264 shares during the period. HB Wealth Management LLC’s holdings in Amdocs were worth $327,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA increased its holdings in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares during the last quarter. Brooklyn Investment Group purchased a new position in Amdocs during the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in Amdocs during the third quarter worth about $55,000. GAMMA Investing LLC lifted its holdings in shares of Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after buying an additional 428 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Amdocs in the third quarter valued at $77,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOX. Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. Barclays decreased their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Oppenheimer upped their price target on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Stock Down 0.7 %

Shares of Amdocs stock opened at $84.59 on Friday. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The stock has a 50 day moving average price of $85.68 and a two-hundred day moving average price of $86.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $9.55 billion, a P/E ratio of 19.95, a PEG ratio of 1.43 and a beta of 0.71.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.27%. Amdocs’s dividend payout ratio is 45.28%.

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.