Amdocs Limited (NASDAQ:DOX) Stake Boosted by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,312 shares of the technology company’s stock after acquiring an additional 2,062 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned 0.27% of Amdocs worth $25,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hixon Zuercher LLC boosted its holdings in Amdocs by 3.1% in the fourth quarter. Hixon Zuercher LLC now owns 38,747 shares of the technology company’s stock worth $3,299,000 after purchasing an additional 1,167 shares in the last quarter. OLD National Bancorp IN boosted its holdings in Amdocs by 9.3% in the fourth quarter. OLD National Bancorp IN now owns 2,798 shares of the technology company’s stock worth $238,000 after purchasing an additional 237 shares in the last quarter. Foster & Motley Inc. boosted its holdings in Amdocs by 3.6% in the fourth quarter. Foster & Motley Inc. now owns 31,146 shares of the technology company’s stock worth $2,652,000 after purchasing an additional 1,075 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Amdocs by 7.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 2,783 shares of the technology company’s stock worth $237,000 after purchasing an additional 194 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Amdocs by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after purchasing an additional 125,654 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.8 %

Shares of DOX opened at $88.19 on Friday. The company has a 50-day simple moving average of $85.97 and a 200-day simple moving average of $86.33. The firm has a market capitalization of $9.96 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is presently 45.05%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DOX. Oppenheimer upped their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays decreased their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.