4,109 Shares in Amdocs Limited (NASDAQ:DOX) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,109 shares of the technology company’s stock, valued at approximately $350,000.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in shares of Amdocs by 11.7% in the second quarter. Millennium Management LLC now owns 45,804 shares of the technology company’s stock valued at $3,615,000 after purchasing an additional 4,815 shares during the period. GAMMA Investing LLC boosted its position in 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. Gateway Investment Advisers LLC grew its stake in shares of Amdocs by 64.1% in the third quarter. Gateway Investment Advisers LLC now owns 4,779 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,866 shares in the last quarter. Creative Planning grew its stake in shares of Amdocs by 37.3% in the third quarter. Creative Planning now owns 15,111 shares of the technology company’s stock worth $1,322,000 after acquiring an additional 4,104 shares in the last quarter. Finally, Twelve Points Wealth Management LLC purchased a new stake in shares of Amdocs during the third quarter worth $231,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Down 0.2 %

Shares of NASDAQ:DOX opened at $85.80 on Tuesday. The stock has a 50-day simple moving average of $85.94 and a 200-day simple moving average of $86.47. The stock has a market capitalization of $9.69 billion, a P/E ratio of 19.91, a PEG ratio of 1.41 and a beta of 0.71. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.

Amdocs (NASDAQ:DOX) last issued its 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%. Equities analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be given a $0.527 dividend. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend payout ratio is presently 44.55%.

Analysts Set New Price Targets

DOX has been the subject of a number of recent research reports. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, Oppenheimer raised their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.