Amdocs Limited (NASDAQ:DOX) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 32.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,351 shares of the technology company’s stock after buying an additional 17,447 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of Amdocs worth $6,271,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Amdocs during the fourth quarter worth $930,000. Diversified Trust Co acquired a new stake in shares of Amdocs during the fourth quarter worth $3,957,000. Legato Capital Management LLC acquired a new stake in shares of Amdocs during the fourth quarter worth $2,260,000. Xponance Inc. boosted its holdings in shares of Amdocs by 8.4% during the third quarter. Xponance Inc. now owns 4,469 shares of the technology company’s stock worth $378,000 after purchasing an additional 348 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Amdocs in the 3rd quarter worth $403,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DOX shares. Barclays increased their target price on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Citigroup raised their price objective on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Amdocs has a consensus rating of “Buy” and a consensus target price of $108.60.

Amdocs Stock Up 1.2 %

Shares of NASDAQ DOX opened at $86.13 on Friday. Amdocs Limited has a 1 year low of $78.38 and a 1 year high of $99.75. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.38 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50-day simple moving average is $90.03 and its 200-day simple moving average is $87.27.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 27th. Amdocs’s payout ratio is presently 41.11%.

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.