Vaughan David Investments LLC IL Purchases 13,546 Shares of Amdocs Limited (NASDAQ:DOX)

Vaughan David Investments LLC IL boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 435,922 shares of the technology company’s stock after buying an additional 13,546 shares during the period. Vaughan David Investments LLC IL owned approximately 0.39% of Amdocs worth $37,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Redmond Asset Management LLC acquired a new position in Amdocs in the fourth quarter valued at about $887,000. Dividend Assets Capital LLC increased its stake in shares of Amdocs by 1.0% in the fourth quarter. Dividend Assets Capital LLC now owns 70,725 shares of the technology company’s stock valued at $6,022,000 after buying an additional 721 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in Amdocs in the fourth quarter valued at $1,141,000. Handelsbanken Fonder AB increased its holdings in Amdocs by 6.2% in the fourth quarter. Handelsbanken Fonder AB now owns 50,115 shares of the technology company’s stock valued at $4,267,000 after purchasing an additional 2,910 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after acquiring an additional 175 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Trading Up 0.4 %

DOX stock opened at $88.31 on Tuesday. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.47 and a beta of 0.71. The business has a 50 day simple moving average of $86.09 and a two-hundred day simple moving average of $86.69. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

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

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.39%. Amdocs’s dividend payout ratio (DPR) is currently 48.72%.

Analysts Set New Price Targets

Several research firms have commented on DOX. Barclays decreased their price objective on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer raised 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.