Foster & Motley Inc. Raises Stock Position in Amdocs Limited (NASDAQ:DOX)

Foster & Motley Inc. grew its holdings in Amdocs Limited (NASDAQ:DOX) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,146 shares of the technology company’s stock after acquiring an additional 1,075 shares during the period. Foster & Motley Inc.’s holdings in Amdocs were worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in shares of Amdocs by 1.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after buying an additional 109 shares in the last quarter. Private Trust Co. NA boosted 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. Morton Community Bank boosted its stake in shares of Amdocs by 0.4% during the 3rd quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock worth $3,185,000 after purchasing an additional 130 shares during the period. Private Advisor Group LLC boosted its stake in shares of Amdocs by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after purchasing an additional 175 shares during the period. Finally, KFG Wealth Management LLC boosted its stake in shares of Amdocs by 8.2% during the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock worth $213,000 after purchasing an additional 189 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

Amdocs stock opened at $87.46 on Friday. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The firm has a 50-day moving average of $85.87 and a two-hundred day moving average of $86.25.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.19%. Amdocs’s dividend payout ratio is currently 45.28%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Amdocs 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.