Amdocs Limited (NASDAQ:DOX) Shares Purchased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL boosted its stake in Amdocs Limited (NASDAQ:DOXFree Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,817 shares of the technology company’s stock after acquiring an additional 6,448 shares during the period. Vaughan David Investments LLC IL owned 0.32% of Amdocs worth $33,118,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in Amdocs during the first quarter valued at $104,410,000. Norges Bank bought a new stake in Amdocs during the fourth quarter valued at $112,930,000. Acadian Asset Management LLC bought a new stake in Amdocs during the third quarter valued at $96,934,000. Invesco Ltd. increased its stake in Amdocs by 31.0% during the third quarter. Invesco Ltd. now owns 2,629,346 shares of the technology company’s stock valued at $222,153,000 after purchasing an additional 621,962 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Amdocs by 76.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,133,405 shares of the technology company’s stock valued at $103,027,000 after purchasing an additional 491,265 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 1.9 %

DOX stock traded down $1.63 during mid-day trading on Friday, reaching $85.71. 493,410 shares of the stock traded hands, compared to its average volume of 667,404. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 52-week low of $78.38 and a 52-week high of $99.75. The company has a market cap of $10.07 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.42 and a beta of 0.69. The stock’s fifty day moving average is $90.74 and its 200-day moving average is $87.24.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Amdocs Limited will post 5.87 earnings per share for the current year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be given a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, March 27th. Amdocs’s dividend payout ratio is 41.11%.

Analyst Ratings Changes

Several research firms have recently commented on DOX. Citigroup upped their price target on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, Barclays upped their price target on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Amdocs has an average rating of “Buy” and a consensus target price of $108.60.

Read Our Latest Stock Analysis on Amdocs

Amdocs Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.