Lingohr Asset Management GmbH Purchases 3,277 Shares of Amdocs Limited (NASDAQ:DOX)

Lingohr Asset Management GmbH boosted its position in Amdocs Limited (NASDAQ:DOX) by 42.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,064 shares of the technology company’s stock after purchasing an additional 3,277 shares during the quarter. Amdocs makes up approximately 1.9% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 12th largest holding. Lingohr Asset Management GmbH’s holdings in Amdocs were worth $938,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Xponance Inc. raised its holdings in Amdocs by 15.5% in the fourth quarter. Xponance Inc. now owns 5,039 shares of the technology company’s stock worth $429,000 after purchasing an additional 675 shares in the last quarter. Haven Capital Group Inc. acquired a new position in shares of Amdocs during the fourth quarter valued at about $200,000. Axxcess Wealth Management LLC increased its holdings in shares of Amdocs by 5.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company’s stock valued at $207,000 after acquiring an additional 124 shares in the last quarter. GWN Securities Inc. acquired a new position in shares of Amdocs during the fourth quarter valued at about $738,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Amdocs by 21.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,957 shares of the technology company’s stock valued at $2,891,000 after acquiring an additional 5,928 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Stock Performance

DOX opened at $89.19 on Thursday. The firm’s 50-day moving average price is $87.00 and its 200-day moving average price is $87.14. The company has a market cap of $10.07 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $93.34. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS 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%. As a group, equities analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio is currently 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.