Amdocs Limited (NASDAQ:DOX) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,115 shares of the technology company’s stock after selling 160 shares during the period. Amdocs accounts for 0.9% of Donald L. Hagan LLC’s portfolio, making the stock its 23rd biggest position. Donald L. Hagan LLC’s holdings in Amdocs were worth $1,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Diversified Trust Co bought a new stake in Amdocs in the 4th quarter valued at about $3,957,000. Legato Capital Management LLC bought a new stake in shares of Amdocs during the 4th quarter worth about $2,260,000. Xponance Inc. raised its position in shares of Amdocs by 8.4% during the 3rd quarter. Xponance Inc. now owns 4,469 shares of the technology company’s stock worth $378,000 after buying an additional 348 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Amdocs during the 3rd quarter worth about $403,000. Finally, Financiere des Professionnels Fonds d investissement inc. raised its position in shares of Amdocs by 1.3% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 9,790 shares of the technology company’s stock worth $860,000 after buying an additional 130 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on DOX. Barclays boosted their price target on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Jefferies Financial Group began coverage on shares of Amdocs in a research note on Friday, December 1st. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Amdocs has a consensus rating of “Buy” and a consensus price target of $108.60.

Amdocs Stock Up 0.5 %

NASDAQ DOX traded up $0.47 during trading on Friday, reaching $90.37. The company’s stock had a trading volume of 408,524 shares, compared to its average volume of 742,461. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $10.62 billion, a PE ratio of 19.35, a PEG ratio of 1.46 and a beta of 0.69. The business has a 50-day moving average price of $91.51 and a 200-day moving average price of $87.14. Amdocs Limited has a 1-year low of $78.38 and a 1-year high of $99.75.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. On average, research analysts forecast that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, March 29th will be paid a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, March 27th. Amdocs’s payout ratio is presently 40.90%.

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.