KFG Wealth Management LLC Buys 189 Shares of Amdocs Limited (NASDAQ:DOX)

KFG Wealth Management LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,496 shares of the technology company’s stock after acquiring an additional 189 shares during the period. KFG Wealth Management LLC’s holdings in Amdocs were worth $213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Running Oak Capital LLC grew its stake in shares of Amdocs by 8.0% in the fourth quarter. Running Oak Capital LLC now owns 155,013 shares of the technology company’s stock worth $13,198,000 after purchasing an additional 11,497 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Amdocs in the fourth quarter worth $214,000. Mutual Advisors LLC grew its stake in shares of Amdocs by 15.2% in the fourth quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company’s stock worth $319,000 after purchasing an additional 496 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Amdocs in the fourth quarter worth $350,000. Finally, Liberty One Investment Management LLC grew its stake in shares of Amdocs by 2.5% in the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock worth $18,002,000 after purchasing an additional 5,252 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on DOX shares. Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus began coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 target price on the stock. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $85.28 on Monday. The firm’s 50-day moving average price is $85.69 and its 200-day moving average price is $86.15. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The firm has a market capitalization of $9.63 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.42 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 annualized dividend and a dividend yield of 2.25%. Amdocs’s dividend payout ratio is currently 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.