True Wealth Design LLC Has $758,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

True Wealth Design LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,626 shares of the technology company’s stock after purchasing an additional 170 shares during the period. True Wealth Design LLC’s holdings in Amdocs were worth $758,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bahl & Gaynor Inc. boosted its position in Amdocs by 2.6% during the fourth quarter. Bahl & Gaynor Inc. now owns 377,316 shares of the technology company’s stock valued at $33,162,000 after purchasing an additional 9,436 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Amdocs during the fourth quarter valued at approximately $930,000. Stifel Financial Corp boosted its position in Amdocs by 2.7% during the fourth quarter. Stifel Financial Corp now owns 950,353 shares of the technology company’s stock valued at $83,526,000 after purchasing an additional 25,300 shares during the last quarter. Diversified Trust Co acquired a new position in Amdocs during the fourth quarter valued at approximately $3,957,000. Finally, Wedge Capital Management L L P NC boosted its position in Amdocs by 9.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 917,808 shares of the technology company’s stock valued at $80,666,000 after purchasing an additional 77,833 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DOX. Citigroup dropped their price objective on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Robert W. Baird dropped their price objective on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Amdocs presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.83.

Amdocs Stock Performance

Shares of NASDAQ DOX traded down $0.85 during trading hours on Tuesday, reaching $76.56. 520,065 shares of the stock were exchanged, compared to its average volume of 709,503. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. Amdocs Limited has a 52 week low of $76.24 and a 52 week high of $99.75. The stock’s fifty day simple moving average is $83.25 and its 200 day simple moving average is $87.39.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. Sell-side analysts predict that Amdocs Limited will post 5.72 EPS for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, June 28th. Amdocs’s dividend payout ratio is currently 43.15%.

About Amdocs

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.