Amdocs Limited (NASDAQ:DOX) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 40,860 shares of the technology company’s stock after acquiring an additional 2,076 shares during the period. Wasatch Advisors LP’s holdings in Amdocs were worth $3,479,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DOX. Barclays PLC increased its holdings in Amdocs by 6.3% during the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company’s stock worth $25,402,000 after purchasing an additional 17,097 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Amdocs during the third quarter worth approximately $130,000. Tidal Investments LLC raised its holdings in Amdocs by 2.6% in the third quarter. Tidal Investments LLC now owns 113,671 shares of the technology company’s stock valued at $9,944,000 after acquiring an additional 2,885 shares in the last quarter. Franklin Resources Inc. lifted its stake in Amdocs by 71.6% in the third quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company’s stock worth $13,580,000 after acquiring an additional 63,527 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Amdocs by 6.6% in the third quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company’s stock worth $90,355,000 after acquiring an additional 63,718 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $83.28 on Thursday. The stock’s 50-day simple moving average is $87.51 and its 200-day simple moving average is $87.19. The firm has a market capitalization of $9.40 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. 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 (NASDAQ:DOX) last released its quarterly earnings data 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 return on equity of 18.89% and a net margin of 10.19%. As a group, equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.53%. Amdocs’s 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.