Amdocs Limited (NASDAQ:DOX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,263,591 shares of the technology company’s stock after acquiring an additional 87,801 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Amdocs were worth $274,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DOX. Portfolio Design Labs LLC lifted its position in Amdocs by 294.6% in the fourth quarter. Portfolio Design Labs LLC now owns 13,650 shares of the technology company’s stock valued at $1,162,000 after purchasing an additional 10,191 shares during the period. Edmp Inc. boosted its stake in shares of Amdocs by 7.9% in the fourth quarter. Edmp Inc. now owns 12,808 shares of the technology company’s stock valued at $1,090,000 after buying an additional 934 shares in the last quarter. Savant Capital LLC grew its holdings in Amdocs by 17.2% during the fourth quarter. Savant Capital LLC now owns 3,105 shares of the technology company’s stock worth $264,000 after acquiring an additional 456 shares during the period. Entropy Technologies LP purchased a new position in Amdocs in the fourth quarter worth $238,000. Finally, Empowered Funds LLC lifted its holdings in Amdocs by 8.9% in the fourth quarter. Empowered Funds LLC now owns 14,270 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

DOX has been the subject of several recent analyst reports. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Barclays decreased their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, Oppenheimer raised their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amdocs has an average rating of “Buy” and an average price target of $101.20.

Amdocs Stock Up 0.6 %

Shares of NASDAQ DOX opened at $86.32 on Wednesday. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The firm’s 50-day moving average is $85.90 and its two-hundred day moving average is $86.48. The company has a market capitalization of $9.74 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. Equities analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend payout ratio is presently 44.55%.

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.