GWN Securities Inc. Makes New Investment in Amdocs Limited (NASDAQ:DOX)

GWN Securities Inc. acquired a new position in Amdocs Limited (NASDAQ:DOX) in the 4th quarter, HoldingsChannel reports. The firm acquired 8,649 shares of the technology company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Amdocs by 21.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 33,957 shares of the technology company’s stock valued at $2,891,000 after purchasing an additional 5,928 shares during the period. Natixis Advisors LLC lifted its stake in shares of Amdocs by 70.0% in the 4th quarter. Natixis Advisors LLC now owns 46,898 shares of the technology company’s stock valued at $3,993,000 after purchasing an additional 19,306 shares during the period. Ironwood Investment Counsel LLC lifted its stake in shares of Amdocs by 5.1% in the 4th quarter. Ironwood Investment Counsel LLC now owns 9,357 shares of the technology company’s stock valued at $797,000 after purchasing an additional 454 shares during the period. Hilton Capital Management LLC lifted its stake in shares of Amdocs by 4.6% in the 4th quarter. Hilton Capital Management LLC now owns 17,602 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 769 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Amdocs by 280.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,748 shares of the technology company’s stock valued at $10,791,000 after purchasing an additional 93,471 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

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

Amdocs Stock Up 1.6 %

Shares of NASDAQ:DOX opened at $87.99 on Monday. The stock has a fifty day simple moving average of $86.71 and a two-hundred day simple moving average of $87.08. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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%. On average, research analysts anticipate that Amdocs Limited will post 6.21 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 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.40%. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

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.