Oakworth Capital Inc. Takes Position in Amdocs Limited (NASDAQ:DOX)

Oakworth Capital Inc. bought a new position in Amdocs Limited (NASDAQ:DOX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 300 shares of the technology company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its stake in shares of Amdocs by 9.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 5,241 shares of the technology company’s stock valued at $461,000 after acquiring an additional 468 shares during the period. Mackenzie Financial Corp grew its position in Amdocs by 32.4% in the 4th quarter. Mackenzie Financial Corp now owns 71,351 shares of the technology company’s stock valued at $6,271,000 after acquiring an additional 17,447 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Amdocs during the 4th quarter valued at about $264,000. Vaughan David Investments LLC IL raised its position in Amdocs by 1.7% during the 4th quarter. Vaughan David Investments LLC IL now owns 376,817 shares of the technology company’s stock valued at $33,118,000 after purchasing an additional 6,448 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in shares of Amdocs by 5.7% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 30,040 shares of the technology company’s stock worth $2,640,000 after buying an additional 1,610 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. 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. Finally, Citigroup increased their price objective on shares of Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Amdocs presently has an average rating of “Buy” and an average price target of $108.60.

Amdocs Trading Up 0.2 %

NASDAQ DOX opened at $85.11 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.00 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.38 and a beta of 0.69. Amdocs Limited has a 52 week low of $78.38 and a 52 week high of $99.75. The company has a 50 day moving average price of $90.10 and a 200 day moving average price of $87.23.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results 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 return on equity of 17.79% and a net margin of 11.30%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the business posted $1.33 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Amdocs Limited will post 5.87 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, March 29th will be issued a $0.479 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from Amdocs’s previous quarterly dividend of $0.44. Amdocs’s dividend payout ratio (DPR) is currently 41.11%.

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.