Amdocs Limited (NASDAQ:DOX) Shares Sold by AIMZ Investment Advisors LLC

AIMZ Investment Advisors LLC lessened its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,184 shares of the technology company’s stock after selling 147 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Amdocs were worth $1,548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Private Trust Co. NA increased its position in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Amdocs during the 3rd quarter worth about $28,000. Global Retirement Partners LLC increased its position in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Amdocs in the 3rd quarter valued at about $55,000. Finally, Meeder Asset Management Inc. purchased a new position in Amdocs in the 3rd quarter valued at about $77,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DOX shares. Oppenheimer lifted their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays lowered their target price 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. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Price Performance

DOX opened at $87.74 on Friday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The company’s 50 day simple moving average is $86.21 and its 200 day simple moving average is $86.75. The stock has a market capitalization of $9.91 billion, a PE ratio of 20.36, a P/E/G ratio of 1.47 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results 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 net margin of 10.19% and a return on equity of 18.89%. As a group, sell-side analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.40%. Amdocs’s dividend payout ratio is currently 48.72%.

About Amdocs

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.