Aristides Capital LLC Has $306,000 Position in Amdocs Limited (NASDAQ:DOX)

Aristides Capital LLC increased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 38.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,593 shares of the technology company’s stock after acquiring an additional 1,005 shares during the quarter. Aristides Capital LLC’s holdings in Amdocs were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DOX. Pzena Investment Management LLC lifted its holdings in shares of Amdocs by 4.3% during the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after buying an additional 270,810 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Amdocs by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company’s stock worth $274,681,000 after acquiring an additional 87,801 shares during the period. Vanguard Group Inc. boosted its holdings in Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock valued at $261,756,000 after purchasing an additional 426,035 shares during the period. Wellington Management Group LLP grew its position in Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after purchasing an additional 543,490 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after purchasing an additional 125,654 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 5.2 %

Shares of Amdocs stock 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 firm has a market capitalization of $9.45 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company’s fifty day moving average price is $88.29 and its two-hundred day moving average price is $87.46.

Amdocs (NASDAQ:DOX) last posted 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%. On average, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

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.