Atria Wealth Solutions Inc. Raises Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Atria Wealth Solutions Inc. boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,988 shares of the technology company’s stock after purchasing an additional 4,460 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Amdocs were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOX. Private Trust Co. NA boosted its position in shares of Amdocs by 62.9% in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Amdocs in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Amdocs in the third quarter worth about $55,000. Meeder Asset Management Inc. acquired a new stake in Amdocs in the third quarter worth about $77,000. Finally, Principal Securities Inc. grew its stake in shares of Amdocs by 10.4% during the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company’s stock worth $114,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DOX. Oppenheimer lifted their target price 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. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Barclays dropped their price objective 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $87.91 on Friday. 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 twelve month low of $74.41 and a twelve month high of $94.04. The company’s 50 day moving average is $86.06 and its 200 day moving average is $86.56. The company has a market cap of $9.92 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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, sell-side analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be issued a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 44.55%.

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.