Liberty One Investment Management LLC Acquires 5,252 Shares of Amdocs Limited (NASDAQ:DOX)

Liberty One Investment Management LLC raised its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,443 shares of the technology company's stock after acquiring an additional 5,252 shares during the quarter. Amdocs makes up 2.0% of Liberty One Investment Management LLC's portfolio, making the stock its 24th biggest position. Liberty One Investment Management LLC owned 0.19% of Amdocs worth $18,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock valued at $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group bought a new position in Amdocs in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Amdocs in the third quarter valued at approximately $55,000. GAMMA Investing LLC boosted its position in shares of Amdocs by 115.1% during the third quarter. GAMMA Investing LLC now owns 800 shares of the technology company's stock worth $70,000 after buying an additional 428 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Amdocs in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Up 0.2 %

Shares of NASDAQ DOX traded up $0.21 during trading hours on Friday, hitting $84.89. The stock had a trading volume of 329,203 shares, compared to its average volume of 579,327. The firm's 50-day moving average price is $86.03 and its two-hundred day moving average price is $85.86. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The company has a market capitalization of $9.58 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, December 31st. Amdocs's dividend payout ratio is 45.05%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DOX shares. Oppenheimer boosted their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Stifel Nicolaus began coverage on Amdocs in a report on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price objective on the stock. StockNews.com downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a report on Tuesday, January 14th. Finally, Barclays decreased their price objective on Amdocs from $113.00 to $111.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Amdocs has a consensus rating of "Moderate Buy" and a consensus target price of $101.20.

Amdocs Company 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.