Seizert Capital Partners LLC Boosts Stake in Amdocs Limited (NASDAQ:DOX)

Seizert Capital Partners LLC lifted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,074 shares of the technology company's stock after buying an additional 45,419 shares during the quarter. Amdocs comprises about 2.1% of Seizert Capital Partners LLC's holdings, making the stock its 19th largest position. Seizert Capital Partners LLC owned 0.47% of Amdocs worth $45,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA raised its stake in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock worth $27,000 after purchasing an additional 117 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Amdocs in the 3rd quarter valued at about $28,000. Jones Financial Companies Lllp bought a new stake in Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter worth $41,000. Finally, Global Retirement Partners LLC increased 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 purchasing an additional 175 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DOX shares. StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Barclays dropped their target price on shares of Amdocs from $113.00 to $111.00 and set an "overweight" rating on the stock in a report on Thursday, November 14th. Finally, Oppenheimer boosted their target price on Amdocs from $98.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.20.

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Amdocs Stock Up 2.2 %

Shares of Amdocs stock traded up $1.99 during trading on Friday, hitting $90.46. 757,972 shares of the stock traded hands, compared to its average volume of 658,404. 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 Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The stock's fifty day simple moving average is $86.36 and its 200 day simple moving average is $86.94. The firm has a market cap of $10.21 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, equities analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 2.33%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs's payout ratio is 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.