Amdocs Limited (NASDAQ:DOX) Shares Purchased by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC boosted its stake in Amdocs Limited (NASDAQ:DOX) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,842 shares of the technology company’s stock after acquiring an additional 643 shares during the period. Tempus Wealth Planning LLC’s holdings in Amdocs were worth $424,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC acquired a new position in Amdocs in the 3rd quarter valued at about $226,000. Allspring Global Investments Holdings LLC boosted its holdings in Amdocs by 36.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock valued at $277,818,000 after purchasing an additional 851,022 shares in the last quarter. Raymond James & Associates boosted its holdings in Amdocs by 9.5% in the 3rd quarter. Raymond James & Associates now owns 501,104 shares of the technology company’s stock valued at $43,837,000 after purchasing an additional 43,627 shares in the last quarter. Blue Trust Inc. boosted its holdings in Amdocs by 58.2% in the 3rd quarter. Blue Trust Inc. now owns 1,800 shares of the technology company’s stock valued at $157,000 after purchasing an additional 662 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new stake in Amdocs in the 3rd quarter valued at approximately $264,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $89.68 on Wednesday. The business’s 50 day simple moving average is $86.72 and its 200-day simple moving average is $83.53. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Amdocs Limited will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be given a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.14%. Amdocs’s dividend payout ratio is currently 42.92%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DOX. Stifel Nicolaus began coverage on Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price objective on the stock. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $102.00.

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.