Amdocs Limited (NASDAQ:DOX) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 428,830 shares of the technology company’s stock after purchasing an additional 1,840 shares during the period. Todd Asset Management LLC’s holdings in Amdocs were worth $36,511,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after acquiring an additional 127,426 shares during the last quarter. Mirabella Financial Services LLP boosted its stake in shares of Amdocs by 204.2% in the third quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 9,600 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Amdocs by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after purchasing an additional 125,654 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after purchasing an additional 9,098 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Amdocs by 34.7% in the third quarter. Crossmark Global Holdings Inc. now owns 145,556 shares of the technology company’s stock valued at $12,733,000 after purchasing an additional 37,516 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Barclays lowered their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, Oppenheimer lifted their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Amdocs has an average rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Up 0.4 %

Shares of NASDAQ:DOX opened at $88.31 on Tuesday. The company has a market capitalization of $9.97 billion, a PE ratio of 20.49, a P/E/G ratio of 1.47 and a beta of 0.71. 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 twelve month low of $74.41 and a twelve month high of $94.04. The firm has a 50 day simple moving average of $86.09 and a 200-day simple moving average of $86.69.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 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 analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be given a $0.527 dividend. This is an increase from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 2.39%. Amdocs’s dividend payout ratio is 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.