Lingohr Asset Management GmbH Buys 3,277 Shares of Amdocs Limited (NASDAQ:DOX)

Lingohr Asset Management GmbH raised its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 42.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,064 shares of the technology company's stock after buying an additional 3,277 shares during the quarter. Amdocs comprises 1.9% of Lingohr Asset Management GmbH's portfolio, making the stock its 12th biggest holding. Lingohr Asset Management GmbH's holdings in Amdocs were worth $938,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in shares of Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock valued at $27,000 after purchasing an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new position in Amdocs during the third quarter valued at $28,000. Jones Financial Companies Lllp purchased a new position in shares of Amdocs in the 4th quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs in the 4th quarter worth about $41,000. Finally, Global Retirement Partners LLC raised its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after buying an additional 175 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Analysts Set New Price Targets

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

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Amdocs Trading Up 1.7 %

Shares of Amdocs stock traded up $1.51 during trading on Monday, hitting $89.78. The stock had a trading volume of 645,971 shares, compared to its average volume of 657,289. The stock has a market cap of $10.14 billion, a PE ratio of 20.83, a PEG ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34. The firm's fifty day simple moving average is $87.21 and its 200-day simple moving average is $87.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results 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 net margin of 10.19% and a return on equity of 18.89%. As a group, sell-side analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.35%. Amdocs's dividend payout ratio (DPR) is presently 48.72%.

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.