Hixon Zuercher LLC Buys 1,167 Shares of Amdocs Limited (NASDAQ:DOX)

Hixon Zuercher LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,747 shares of the technology company’s stock after acquiring an additional 1,167 shares during the period. Hixon Zuercher LLC’s holdings in Amdocs were worth $3,299,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DOX. Private Trust Co. NA lifted its position in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group acquired a new position in shares of Amdocs during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Amdocs during the 3rd quarter valued at $55,000. GAMMA Investing LLC lifted its position in shares of Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after acquiring an additional 428 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Amdocs during the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $87.46 on Friday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.87 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.44 and a beta of 0.71. The firm has a fifty day simple moving average of $85.87 and a two-hundred day simple moving average of $86.25.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 2.19%. Amdocs’s payout ratio is 45.28%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DOX shares. Barclays dropped their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Oppenheimer boosted their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.