Advisor OS LLC Has $1.39 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Advisor OS LLC boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 94.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,359 shares of the technology company’s stock after purchasing an additional 7,940 shares during the quarter. Advisor OS LLC’s holdings in Amdocs were worth $1,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the last quarter. Brooklyn Investment Group bought a new position in Amdocs during the third quarter worth $28,000. Global Retirement Partners LLC raised its stake in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Amdocs in the 3rd quarter valued at $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Amdocs in the 3rd quarter worth $77,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DOX. Oppenheimer upped 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. Barclays cut their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Stock Performance

NASDAQ DOX opened at $88.94 on Wednesday. The stock has a market cap of $10.04 billion, a P/E ratio of 20.64, a PEG ratio of 1.47 and a beta of 0.71. The company has a quick ratio of 1.20, a current ratio of 1.16 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 simple moving average is $86.09 and its 200 day simple moving average is $86.69.

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 the consensus estimate of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. As a group, research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.37%. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

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.