1 day Ago By Defense World Staff
Norges Bank bought a new stake in shares of Amdocs Limited ( NASDAQ:DOX – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,675 shares of the technology company’s stock, valued at approximately $824,000. Other institutional investors have also recently added to or reduced their stakes in the company.
Axxcess Wealth Management LLC grew its position in Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company’s stock valued at $207,000 after acquiring an additional 124 shares in the last quarter.
Principal Securities Inc. boosted its stake in shares of Amdocs by 10.4% in the fourth quarter.
Principal Securities Inc. now owns 1,341 shares of the technology company’s stock valued at $114,000 after purchasing an additional 126 shares during the period. Global Retirement Partners LLC grew its holdings in Amdocs by 45.
6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Amdocs by 5.
2% during the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company’s stock valued at $308,000 after purchasing an additional 180 shares in the last quarter. Finally, KFG Wealth Management LLC lifted its holdings in Amdocs by 8.
2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock worth $213,000 after buying an additional 189 shares in the last quarter. 92.
02% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Separately, StockNews.com downgraded 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.
20. Amdocs Stock Performance Shares of DOX stock opened at $83.18 on Friday.
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 has a market capitalization of $9.39 billion, a price-to-earnings ratio of 19.
30, a PEG ratio of 1.47 and a beta of 0.59.
Amdocs Limited has a one year low of $74.41 and a one year high of $93.34.
The company’s 50-day simple moving average is $87.67 and its 200-day simple moving average is $87.26.
Amdocs ( NASDAQ:DOX – Get Free Report ) last released its 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 return on equity of 18.
89% and a net margin of 10.19%. Equities analysts anticipate that Amdocs Limited will post 6.
21 earnings per share for the current fiscal year. Amdocs Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a $0.
527 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.
48. This represents a $2.11 annualized dividend and a dividend yield of 2.
53%. Amdocs’s payout ratio is 48.72%.
Amdocs Company Profile ( Free Report ) 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.
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