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

Liberty One Investment Management LLC grew its holdings in Amdocs Limited (NASDAQ:DOX) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,443 shares of the technology company’s stock after purchasing an additional 5,252 shares during the period. Amdocs makes up about 2.0% of Liberty One Investment Management LLC’s holdings, making the stock its 24th biggest position. Liberty One Investment Management LLC’s holdings in Amdocs were worth $18,002,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DOX. HB Wealth Management LLC raised its stake in shares of Amdocs by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock valued at $327,000 after purchasing an additional 264 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Amdocs by 15.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock valued at $69,646,000 after buying an additional 107,349 shares during the period. Steph & Co. lifted its holdings in shares of Amdocs by 14.4% in the fourth quarter. Steph & Co. now owns 6,649 shares of the technology company’s stock worth $566,000 after buying an additional 837 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Amdocs by 11.1% in the fourth quarter. Fulton Bank N.A. now owns 4,482 shares of the technology company’s stock valued at $382,000 after acquiring an additional 449 shares during the period. Finally, Range Financial Group LLC purchased a new position in Amdocs during the fourth quarter valued at approximately $1,376,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Amdocs Stock Up 0.2 %

DOX opened at $84.89 on Friday. The business’s fifty day simple moving average is $86.03 and its 200 day simple moving average 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 quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.58 billion, a PE ratio of 20.02, a P/E/G ratio of 1.37 and a beta of 0.71.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.26%. Amdocs’s dividend payout ratio is 45.28%.

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.