GHP Investment Advisors Inc. Decreases Stock Holdings in Amdocs Limited (NASDAQ:DOX)

GHP Investment Advisors Inc. decreased its holdings in Amdocs Limited (NASDAQ:DOX) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 102,932 shares of the technology company’s stock after selling 133 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Amdocs were worth $8,764,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DOX. Choreo LLC bought a new position in Amdocs during the 4th quarter valued at about $402,000. Money Concepts Capital Corp lifted its holdings in shares of Amdocs by 6.2% in the 4th quarter. Money Concepts Capital Corp now owns 6,720 shares of the technology company’s stock worth $572,000 after buying an additional 393 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Amdocs by 597.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,120 shares of the technology company’s stock worth $778,000 after buying an additional 7,813 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in shares of Amdocs by 5.7% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,117 shares of the technology company’s stock valued at $436,000 after buying an additional 275 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of Amdocs by 3.4% in the fourth quarter. Boston Trust Walden Corp now owns 641,863 shares of the technology company’s stock valued at $54,648,000 after acquiring an additional 21,154 shares in the last quarter. 92.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOX has been the topic of several recent research reports. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays dropped their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amdocs currently has an average rating of “Buy” and an average price target of $101.20.

Amdocs Stock Up 1.5 %

NASDAQ:DOX opened at $88.14 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $9.95 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.47 and a beta of 0.71. The company’s 50-day simple moving average is $85.96 and its 200-day simple moving average is $86.40. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.69% and a net margin of 9.85%. On average, equities analysts anticipate that Amdocs Limited will post 6.19 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm 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 $0.527 dividend. 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 yield of 2.39%. Amdocs’s dividend payout ratio (DPR) is 45.28%.

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.