Orion Portfolio Solutions LLC Boosts Position in Amdocs Limited (NASDAQ:DOX)

Orion Portfolio Solutions LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,519 shares of the technology company’s stock after buying an additional 4,506 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Amdocs were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB raised its position in Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after acquiring an additional 127,426 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after purchasing an additional 125,654 shares in the last quarter. Dudley & Shanley Inc. lifted its stake in shares of Amdocs by 7.6% in the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock valued at $22,905,000 after purchasing an additional 18,600 shares during the period. Citigroup Inc. boosted its holdings in Amdocs by 8.7% during the third quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock worth $6,866,000 after buying an additional 6,294 shares in the last quarter. Finally, Range Financial Group LLC acquired a new stake in Amdocs during the fourth quarter valued at $1,376,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amdocs currently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Stock Performance

NASDAQ:DOX opened at $90.95 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a market capitalization of $10.27 billion, a PE ratio of 21.10, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. The company has a fifty day moving average of $87.89 and a two-hundred day moving average of $87.36.

Amdocs (NASDAQ:DOX) last issued 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, research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. 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.