Haven Capital Group Inc. Makes New $200,000 Investment in Amdocs Limited (NASDAQ:DOX)

Haven Capital Group Inc. purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,352 shares of the technology company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOX. Atria Investments Inc raised its stake in shares of Amdocs by 7.2% during the 3rd quarter. Atria Investments Inc now owns 9,408 shares of the technology company’s stock valued at $823,000 after buying an additional 634 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Amdocs during the 3rd quarter valued at about $223,000. Empowered Funds LLC raised its stake in shares of Amdocs by 23.7% during the 3rd quarter. Empowered Funds LLC now owns 13,105 shares of the technology company’s stock valued at $1,146,000 after buying an additional 2,510 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Amdocs by 1.3% during the 3rd quarter. Natixis Advisors LLC now owns 27,592 shares of the technology company’s stock valued at $2,414,000 after buying an additional 346 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Amdocs during the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Amdocs Trading Up 1.0 %

DOX stock opened at $88.91 on Tuesday. 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 stock has a market cap of $10.04 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.47 and a beta of 0.68. The business’s 50-day moving average is $86.80 and its 200 day moving average is $87.10.

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 return on equity of 18.89% and a net margin of 10.19%. On average, sell-side analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s payout ratio is currently 48.72%.

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.