Farther Finance Advisors LLC Has $72,000 Stake in Amdocs Limited (NASDAQ:DOX)

Farther Finance Advisors LLC increased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 127.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 841 shares of the technology company’s stock after acquiring an additional 472 shares during the period. Farther Finance Advisors LLC’s holdings in Amdocs were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Amdocs during the third quarter worth $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the fourth quarter worth $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the fourth quarter worth $41,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after acquiring an additional 175 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Amdocs Stock Down 0.1 %

Amdocs stock opened at $88.27 on Friday. The company has a market cap of $9.96 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The company has a fifty day simple moving average of $87.21 and a 200 day simple moving average of $87.16. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last released its 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%. Research analysts anticipate 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. Stockholders of record on Monday, March 31st will be given a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is 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.