Advisor OS LLC Has $1.39 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Advisor OS LLC increased its position in Amdocs Limited (NASDAQ:DOX) by 94.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,359 shares of the technology company’s stock after purchasing an additional 7,940 shares during the period. Advisor OS LLC’s holdings in Amdocs were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOX. Private Trust Co. NA boosted its position in shares of Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group purchased a new stake in Amdocs in the 3rd quarter worth about $28,000. Global Retirement Partners LLC boosted its position in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after acquiring an additional 175 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Amdocs during the 3rd quarter valued at about $55,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Amdocs in the 3rd quarter valued at about $77,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DOX. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Oppenheimer boosted their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays cut their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Amdocs currently has an average rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Performance

Shares of DOX opened at $88.94 on Wednesday. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The company’s fifty day moving average is $86.09 and its 200-day moving average is $86.69. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

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.