GWN Securities Inc. Buys Shares of 8,649 Amdocs Limited (NASDAQ:DOX)

GWN Securities Inc. bought a new position in Amdocs Limited (NASDAQ:DOX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,649 shares of the technology company's stock, valued at approximately $738,000.

A number of other large investors have also added to or reduced their stakes in DOX. Nordea Investment Management AB lifted its stake in shares of Amdocs by 8.3% in the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company's stock worth $141,112,000 after purchasing an additional 127,426 shares during the period. Mirabella Financial Services LLP raised its position in Amdocs by 204.2% in the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company's stock worth $1,250,000 after acquiring an additional 9,600 shares during the period. Pacer Advisors Inc. raised its stake in shares of Amdocs by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock worth $154,587,000 after buying an additional 125,654 shares during the period. Dudley & Shanley Inc. lifted its position in shares of Amdocs by 7.6% during the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company's stock valued at $22,905,000 after buying an additional 18,600 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Amdocs by 8.7% in the 3rd quarter. Citigroup Inc. now owns 78,491 shares of the technology company's stock worth $6,866,000 after acquiring an additional 6,294 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Amdocs Trading Down 1.0 %

DOX traded down $0.87 on Thursday, hitting $88.32. The company had a trading volume of 564,225 shares, compared to its average volume of 649,999. The business's fifty day simple moving average is $87.00 and its 200 day simple moving average is $87.14. 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 $93.34. The company has a market cap of $9.97 billion, a PE ratio of 20.49, a PEG ratio of 1.47 and a beta of 0.68.

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

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This is a boost 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 yield of 2.39%. Amdocs's payout ratio is 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.