Amdocs Limited (NASDAQ:DOX) Shares Acquired by Riverwater Partners LLC

Riverwater Partners LLC boosted its holdings in Amdocs Limited (NASDAQ:DOX) by 100.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,937 shares of the technology company’s stock after acquiring an additional 8,479 shares during the period. Riverwater Partners LLC’s holdings in Amdocs were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DOX. Jones Financial Companies Lllp bought a new stake in shares of Amdocs in the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the fourth quarter worth $41,000. Global Retirement Partners LLC lifted its stake in 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 buying an additional 175 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after acquiring an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 457 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Trading Down 5.2 %

NASDAQ:DOX opened at $83.70 on Friday. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.47 and a beta of 0.68. 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 1 year low of $74.41 and a 1 year high of $93.34. The business has a fifty day moving average of $88.29 and a 200-day moving average of $87.44.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) 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%. Equities analysts predict that Amdocs Limited will post 6.21 earnings per share 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 represents a $2.11 dividend on an annualized basis and a yield of 2.52%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio is 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.