Amdocs Limited (NASDAQ:DOX) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,898 shares of the technology company’s stock after acquiring an additional 19,306 shares during the period. Natixis Advisors LLC’s holdings in Amdocs were worth $3,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DOX. Ironwood Investment Counsel LLC lifted its stake in shares of Amdocs by 5.1% in the 4th quarter. Ironwood Investment Counsel LLC now owns 9,357 shares of the technology company’s stock valued at $797,000 after purchasing an additional 454 shares during the period. Hilton Capital Management LLC lifted its stake in shares of Amdocs by 4.6% in the 4th quarter. Hilton Capital Management LLC now owns 17,602 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 769 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Amdocs by 280.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,748 shares of the technology company’s stock valued at $10,791,000 after purchasing an additional 93,471 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Amdocs by 127.9% in the 4th quarter. Farther Finance Advisors LLC now owns 841 shares of the technology company’s stock valued at $72,000 after purchasing an additional 472 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Amdocs by 20.0% in the 4th quarter. HighTower Advisors LLC now owns 15,374 shares of the technology company’s stock valued at $1,309,000 after purchasing an additional 2,561 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $88.27 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of 20.48, a PEG ratio of 1.47 and a beta of 0.68. The firm has a fifty day moving average of $87.21 and a 200 day moving average of $87.16. 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 Limited has a one year low of $74.41 and a one year high of $93.34.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.39%. Amdocs’s dividend payout ratio is presently 48.72%.

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.