Money Concepts Capital Corp Has $572,000 Stake in Amdocs Limited (NASDAQ:DOX)

Money Concepts Capital Corp lifted its position in shares of Amdocs Limited (NASDAQ:DOX) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,720 shares of the technology company’s stock after purchasing an additional 393 shares during the period. Money Concepts Capital Corp’s holdings in Amdocs were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of Amdocs by 1.9% during the third quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after purchasing an additional 109 shares during the period. Private Trust Co. NA raised its position in Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares during the last quarter. Morton Community Bank raised its position in Amdocs by 0.4% in the 3rd quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock valued at $3,185,000 after buying an additional 130 shares during the last quarter. Private Advisor Group LLC raised its position in Amdocs by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock valued at $492,000 after buying an additional 175 shares during the last quarter. Finally, KFG Wealth Management LLC raised its position in Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock valued at $213,000 after buying an additional 189 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Down 2.5 %

Shares of NASDAQ:DOX opened at $85.96 on Friday. The company has a market capitalization of $9.70 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.47 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. The business has a fifty day moving average price of $85.98 and a two-hundred day moving average price of $86.41. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 9.85% and a return on equity of 18.69%. Analysts forecast that Amdocs Limited will post 6.19 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is an increase from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 2.45%. Amdocs’s dividend payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

DOX has been the subject of a number of analyst reports. Barclays lowered their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Oppenheimer increased 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 analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $101.20.

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.