Proficio Capital Partners LLC Takes Position in Amdocs Limited (NASDAQ:DOX)

Proficio Capital Partners LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,392 shares of the technology company's stock, valued at approximately $1,906,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DOX. OneDigital Investment Advisors LLC acquired a new stake in Amdocs in the third quarter worth about $223,000. Empowered Funds LLC lifted its holdings in Amdocs by 23.7% in the third quarter. Empowered Funds LLC now owns 13,105 shares of the technology company's stock worth $1,146,000 after purchasing an additional 2,510 shares during the period. Natixis Advisors LLC lifted its holdings in Amdocs by 1.3% in the third quarter. Natixis Advisors LLC now owns 27,592 shares of the technology company's stock worth $2,414,000 after purchasing an additional 346 shares during the period. Meeder Asset Management Inc. acquired a new stake in Amdocs in the third quarter worth about $77,000. Finally, Banque Cantonale Vaudoise lifted its holdings in Amdocs by 37.3% in the third quarter. Banque Cantonale Vaudoise now owns 23,189 shares of the technology company's stock worth $2,029,000 after purchasing an additional 6,296 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Price Performance

Amdocs stock traded down $0.05 during midday trading on Friday, hitting $88.27. The company's stock had a trading volume of 2,964,109 shares, compared to its average volume of 657,335. 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 stock's 50-day moving average price is $87.21 and its 200-day moving average price is $87.16. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34. The company has a market capitalization of $9.96 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68.

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Amdocs (NASDAQ:DOX - Get Free Report) last posted 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%. Analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently disclosed 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 2.39%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Amdocs's previous quarterly dividend of $0.48. Amdocs's payout ratio is presently 48.72%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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 company's stock. According to data from MarketBeat.com, Amdocs presently has an average rating of "Moderate Buy" and a consensus price target 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.