Signature Estate & Investment Advisors LLC Purchases 1,212 Shares of Amdocs Limited (NASDAQ:DOX)

Signature Estate & Investment Advisors LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,623 shares of the technology company’s stock after acquiring an additional 1,212 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Amdocs were worth $2,096,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amdocs by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company’s stock worth $18,120,000 after buying an additional 11,179 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Amdocs by 20.9% in the 3rd quarter. Raymond James Trust N.A. now owns 7,008 shares of the technology company’s stock valued at $613,000 after acquiring an additional 1,212 shares during the last quarter. Citigroup Inc. lifted its stake in Amdocs by 8.7% in the 3rd quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock worth $6,866,000 after purchasing an additional 6,294 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Amdocs by 15.1% during the 3rd quarter. Cerity Partners LLC now owns 7,652 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Pitcairn Co. grew its position in shares of Amdocs by 19.9% during the third quarter. Pitcairn Co. now owns 3,245 shares of the technology company’s stock valued at $284,000 after purchasing an additional 538 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Up 0.7 %

Shares of NASDAQ DOX opened at $90.42 on Wednesday. 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 Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The firm’s 50-day moving average price is $87.46 and its 200-day moving average price is $87.23. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.33%. 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 presently 48.72%.

Amdocs Company 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.