AXQ Capital LP Makes New $728,000 Investment in Amdocs Limited (NASDAQ:DOX)

AXQ Capital LP acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,555 shares of the technology company's stock, valued at approximately $728,000.

Several other large investors have also recently added to or reduced their stakes in DOX. Summit Global Investments purchased a new stake in shares of Amdocs during the 4th quarter worth about $1,813,000. Northwest & Ethical Investments L.P. raised its position in Amdocs by 8.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 190,050 shares of the technology company's stock valued at $16,181,000 after acquiring an additional 14,015 shares in the last quarter. Lingohr Asset Management GmbH lifted its stake in Amdocs by 42.1% in the fourth quarter. Lingohr Asset Management GmbH now owns 11,064 shares of the technology company's stock valued at $938,000 after acquiring an additional 3,277 shares during the last quarter. Xponance Inc. grew its position in Amdocs by 15.5% in the fourth quarter. Xponance Inc. now owns 5,039 shares of the technology company's stock worth $429,000 after acquiring an additional 675 shares in the last quarter. Finally, Haven Capital Group Inc. acquired a new position in shares of Amdocs during the 4th quarter worth $200,000. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Performance

NASDAQ:DOX traded up $0.05 during midday trading on Thursday, reaching $92.02. The stock had a trading volume of 504,135 shares, compared to its average volume of 656,896. The stock has a market capitalization of $10.39 billion, a P/E ratio of 21.35, a PEG ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The firm's fifty day simple moving average is $87.62 and its 200-day simple moving average is $87.26.

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Amdocs (NASDAQ:DOX - Get Free Report) last announced 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 net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio (DPR) is presently 48.72%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Amdocs presently has a consensus rating of "Moderate Buy" and an average target price 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.