Amdocs Limited (NASDAQ:DOX) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,310 shares of the technology company's stock after buying an additional 6,173 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of Amdocs worth $18,161,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Amdocs during the fourth quarter valued at about $41,000. Jones Financial Companies Lllp bought a new position in Amdocs during the fourth quarter valued at about $36,000. Smartleaf Asset Management LLC boosted its stake in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after buying an additional 457 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Amdocs by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 9,095 shares of the technology company's stock valued at $774,000 after purchasing an additional 274 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Amdocs Trading Down 0.1 %

Shares of NASDAQ DOX traded down $0.05 during mid-day trading on Friday, hitting $88.27. 2,964,109 shares of the company traded hands, compared to its average volume of 657,335. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.47 and a beta of 0.68. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $87.21 and a two-hundred day moving average of $87.16.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently disclosed 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 is an increase from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio is currently 48.72%.

About Amdocs

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.