GHP Investment Advisors Inc. Decreases Stock Holdings in Amdocs Limited (NASDAQ:DOX)

GHP Investment Advisors Inc. decreased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,932 shares of the technology company’s stock after selling 133 shares during the period. GHP Investment Advisors Inc. owned about 0.09% of Amdocs worth $8,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group bought a new stake in shares of Amdocs during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Amdocs during the 3rd quarter valued at $55,000. GAMMA Investing LLC increased its stake in shares of Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after purchasing an additional 428 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Amdocs in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer boosted their price target on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays lowered their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amdocs presently has an average rating of “Buy” and an average target price of $101.20.

Amdocs Trading Up 1.5 %

Shares of DOX opened at $88.14 on Thursday. The firm has a market cap of $9.95 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 1.47 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. The company has a 50 day simple moving average of $85.96 and a two-hundred day simple moving average of $86.40.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a net margin of 9.85% and a return on equity of 18.69%. On average, equities analysts expect that Amdocs Limited will post 6.19 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be given a $0.527 dividend. 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%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s payout ratio is currently 45.28%.

Amdocs 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.