Orion Portfolio Solutions LLC increased its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,519 shares of the technology company's stock after acquiring an additional 4,506 shares during the period. Orion Portfolio Solutions LLC's holdings in Amdocs were worth $4,301,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amdocs by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company's stock worth $18,120,000 after acquiring an additional 11,179 shares during the last quarter. Citigroup Inc. lifted its stake in Amdocs by 8.7% in the third quarter. Citigroup Inc. now owns 78,491 shares of the technology company's stock worth $6,866,000 after purchasing an additional 6,294 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Amdocs by 15.1% during the third quarter. Cerity Partners LLC now owns 7,652 shares of the technology company's stock valued at $669,000 after buying an additional 1,004 shares during the period. Private Trust Co. NA grew its stake 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 buying an additional 117 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Amdocs by 7.8% in the third quarter. Bank of Montreal Can now owns 205,881 shares of the technology company's stock worth $18,083,000 after buying an additional 14,858 shares during the period. 92.02% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.20.
Read Our Latest Analysis on DOX
Amdocs Trading Down 5.2 %
Shares of NASDAQ DOX traded down $4.63 during trading hours on Friday, reaching $83.70. The stock had a trading volume of 805,986 shares, compared to its average volume of 689,526. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $93.34. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.68. The business's fifty day moving average price is $88.29 and its two-hundred day moving average price is $87.44. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.
Amdocs (NASDAQ:DOX - Get Free Report) last issued 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 return on equity of 18.89% and a net margin of 10.19%. 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 issued a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.52%. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio is presently 48.72%.
Amdocs Company Profile
(
Free Report)
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.
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