Amdocs Limited (NASDAQ:DOX) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,703 shares of the technology company’s stock after buying an additional 700 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Amdocs were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp purchased a new stake in Amdocs during the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of Amdocs in the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares during the last quarter. Private Trust Co. NA lifted its position in Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock worth $57,000 after buying an additional 368 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock worth $59,000 after buying an additional 457 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Price Performance

NASDAQ:DOX opened at $83.70 on Monday. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34. The stock’s fifty day moving average is $88.29 and its two-hundred day moving average is $87.46. The company has a market capitalization of $9.45 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.59. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data 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 net margin of 10.19% and a return on equity of 18.89%. Equities analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a $0.527 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.52%. Amdocs’s payout ratio is presently 48.72%.

About Amdocs

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.