Orion Portfolio Solutions LLC Buys 4,506 Shares of Amdocs Limited (NASDAQ:DOX)

Orion Portfolio Solutions LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,519 shares of the technology company’s stock after acquiring an additional 4,506 shares during the period. Orion Portfolio Solutions LLC’s holdings in Amdocs were worth $4,301,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DOX. Private Trust Co. NA grew its holdings in Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Amdocs during the third quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new position in Amdocs in the fourth quarter worth approximately $41,000. Finally, Global Retirement Partners LLC lifted its holdings in Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $90.95 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.27 billion, a PE ratio of 21.10, a PEG ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The business’s fifty day simple moving average is $87.89 and its 200-day simple moving average is $87.36.

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

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.32%. Amdocs’s dividend payout ratio is presently 48.72%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.