Xponance Inc. Has $429,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Xponance Inc. grew its position in shares of Amdocs Limited (NASDAQ:DOX) by 15.5% in the fourth quarter, HoldingsChannel reports. The fund owned 5,039 shares of the technology company’s stock after acquiring an additional 675 shares during the period. Xponance Inc.’s holdings in Amdocs were worth $429,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock worth $141,112,000 after acquiring an additional 127,426 shares in the last quarter. Pacer Advisors Inc. raised its position in Amdocs by 7.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after acquiring an additional 125,654 shares in the last quarter. Dudley & Shanley Inc. lifted its stake in Amdocs by 7.6% in the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock valued at $22,905,000 after acquiring an additional 18,600 shares during the last quarter. Citigroup Inc. grew its position in shares of Amdocs by 8.7% in the 3rd quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock valued at $6,866,000 after acquiring an additional 6,294 shares during the period. Finally, Range Financial Group LLC acquired a new position in shares of Amdocs during the 4th quarter worth about $1,376,000. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

NASDAQ:DOX opened at $91.97 on Thursday. The company has a market cap of $10.38 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.47 and a beta of 0.68. The firm’s fifty day moving average price is $87.62 and its two-hundred day moving average price is $87.26. Amdocs Limited has a one year low of $74.41 and a one year high of $93.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX) last announced its quarterly 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%. Equities analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 2.29%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

Analyst Upgrades and Downgrades

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

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.