KFG Wealth Management LLC Has $213,000 Stock Position in Amdocs Limited (NASDAQ:DOX)

KFG Wealth Management LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,496 shares of the technology company’s stock after acquiring an additional 189 shares during the period. KFG Wealth Management LLC’s holdings in Amdocs were worth $213,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Running Oak Capital LLC lifted its position in Amdocs by 8.0% during the fourth quarter. Running Oak Capital LLC now owns 155,013 shares of the technology company’s stock worth $13,198,000 after acquiring an additional 11,497 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Amdocs during the fourth quarter worth approximately $214,000. Mutual Advisors LLC lifted its position in Amdocs by 15.2% during the fourth quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company’s stock worth $319,000 after acquiring an additional 496 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Amdocs during the fourth quarter worth approximately $350,000. Finally, Liberty One Investment Management LLC raised its position in shares of Amdocs by 2.5% in the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock valued at $18,002,000 after buying an additional 5,252 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOX has been the subject of a number of analyst reports. Barclays dropped their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus initiated coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target for the company. Oppenheimer lifted their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $85.28 on Monday. The company’s 50 day simple moving average is $85.69 and its 200 day simple moving average is $86.15. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. Amdocs’s dividend payout ratio (DPR) is 45.28%.

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.