Howe & Rusling Inc. Has $8.33 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Howe & Rusling Inc. decreased its stake in Amdocs Limited (NASDAQ:DOX) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,887 shares of the technology company’s stock after selling 6,656 shares during the quarter. Howe & Rusling Inc. owned 0.09% of Amdocs worth $8,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC grew its holdings in shares of Amdocs by 5.2% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 24,623 shares of the technology company’s stock valued at $2,096,000 after buying an additional 1,212 shares during the period. Vanguard Group Inc. increased its holdings in shares of Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock worth $261,756,000 after acquiring an additional 426,035 shares in the last quarter. LPL Financial LLC raised its position in shares of Amdocs by 25.4% during the fourth quarter. LPL Financial LLC now owns 123,015 shares of the technology company’s stock worth $10,473,000 after purchasing an additional 24,947 shares during the period. AXQ Capital LP bought a new position in shares of Amdocs during the 4th quarter valued at about $728,000. Finally, Summit Global Investments acquired a new position in shares of Amdocs in the 4th quarter valued at approximately $1,813,000. Institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Amdocs presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Trading Up 1.7 %

NASDAQ DOX opened at $91.97 on Thursday. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock’s 50 day moving average price is $87.62 and its two-hundred day moving average price is $87.26. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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 return on equity of 18.89% and a net margin of 10.19%. As a group, analysts anticipate 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. Investors of record on Monday, March 31st will be given a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.29%. Amdocs’s dividend payout ratio is 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.