Dividend Assets Capital LLC Acquires 721 Shares of Amdocs Limited (NASDAQ:DOX)

Dividend Assets Capital LLC increased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,725 shares of the technology company’s stock after acquiring an additional 721 shares during the quarter. Amdocs comprises 1.2% of Dividend Assets Capital LLC’s portfolio, making the stock its 29th biggest holding. Dividend Assets Capital LLC owned 0.06% of Amdocs worth $6,022,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DOX. Nordea Investment Management AB boosted its holdings in shares of Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock worth $141,112,000 after acquiring an additional 127,426 shares during the period. Mirabella Financial Services LLP boosted its stake in Amdocs by 204.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 9,600 shares during the period. Pacer Advisors Inc. grew its holdings in Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after buying an additional 125,654 shares in the last quarter. Victory Capital Management Inc. increased its position in Amdocs by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock worth $41,827,000 after buying an additional 9,098 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Amdocs by 34.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock worth $12,733,000 after buying an additional 37,516 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DOX shares. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays lowered their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Price Performance

DOX stock opened at $87.91 on Friday. The company’s 50-day moving average price is $86.06 and its two-hundred day moving average price is $86.56. The firm has a market cap of $9.92 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.48 and a beta of 0.71. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 44.55%.

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.