Headlands Technologies LLC Has $1.50 Million Position in Amdocs Limited (NASDAQ:DOX)

Headlands Technologies LLC raised its position in Amdocs Limited (NASDAQ:DOX) by 38.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,584 shares of the technology company’s stock after buying an additional 4,929 shares during the quarter. Headlands Technologies LLC’s holdings in Amdocs were worth $1,497,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Amdocs by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company’s stock worth $18,120,000 after purchasing an additional 11,179 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Amdocs by 15.1% in the third quarter. Cerity Partners LLC now owns 7,652 shares of the technology company’s stock valued at $669,000 after buying an additional 1,004 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Amdocs during the third quarter worth approximately $131,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amdocs by 1,207.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock valued at $23,768,000 after acquiring an additional 250,918 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Amdocs by 88.4% during the 3rd quarter. Captrust Financial Advisors now owns 38,110 shares of the technology company’s stock valued at $3,334,000 after acquiring an additional 17,880 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Price Performance

Amdocs stock opened at $91.01 on Wednesday. The stock has a fifty day moving average of $88.13 and a 200-day moving average of $87.43. The stock has a market capitalization of $10.27 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results 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%. On average, sell-side analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a dividend yield of 2.32%. Amdocs’s dividend payout ratio is 48.72%.

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.