1 day Ago By ABMN Staff
Wells Fargo & Company MN increased its holdings in Amdocs Limited ( NASDAQ:DOX – Free Report ) by 2.2% in the fourth quarter, HoldingsChannel.com reports.
The institutional investor owned 205,265 shares of the technology company’s stock after purchasing an additional 4,326 shares during the quarter. Wells Fargo & Company MN’s holdings in Amdocs were worth $17,476,000 as of its most recent SEC filing. A number of other hedge funds also recently bought and sold shares of DOX.
Jones Financial Companies Lllp bought a new position in shares of Amdocs in the 4th quarter worth $36,000. SBI Securities Co. Ltd.
purchased a new position in Amdocs in the fourth quarter valued at about $41,000. Global Retirement Partners LLC raised its holdings in Amdocs by 45.6% in the fourth quarter.
Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Amdocs by 121.
5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after buying an additional 368 shares during the last quarter.
Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Amdocs by 199.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock valued at $59,000 after buying an additional 457 shares in the last quarter.
Hedge funds and other 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’s stock. According to data from MarketBeat.
com, Amdocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20. Amdocs Price Performance Shares of NASDAQ DOX opened at $83.
18 on Monday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two 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 company has a market cap of $9.
39 billion, a PE ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.
59. The business has a 50-day simple moving average of $87.67 and a two-hundred day simple moving average of $87.
26. Amdocs ( NASDAQ:DOX – Get Free Report ) last issued 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 return on equity of 18.89% and a net margin of 10.19%.
As a group, equities analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year. Amdocs Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th.
Investors of record on Monday, March 31st will be issued a $0.527 dividend. This represents a $2.
11 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, March 31st.
This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio is 48.
72%. Amdocs 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. See Also Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited ( NASDAQ:DOX – Free Report ).
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