Amdocs Limited (NASDAQ:DOX) Shares Acquired by New Century Financial Group LLC

New Century Financial Group LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 10.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,905 shares of the technology company’s stock after buying an additional 381 shares during the period. New Century Financial Group LLC’s holdings in Amdocs were worth $353,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in Amdocs during the fourth quarter worth $25,000. Oakworth Capital Inc. purchased a new position in shares of Amdocs in the 4th quarter valued at about $26,000. Norwood Financial Corp acquired a new position in Amdocs in the 1st quarter worth about $33,000. VisionPoint Advisory Group LLC boosted its position in Amdocs by 77.7% during the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 220 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Amdocs in the first quarter valued at approximately $55,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOX has been the topic of a number of research analyst reports. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Robert W. Baird cut their target price on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Citigroup decreased their price target on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.80.

Amdocs Stock Performance

DOX opened at $78.13 on Friday. The firm has a market capitalization of $9.18 billion, a PE ratio of 17.56, a PEG ratio of 1.38 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.21. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $98.55. The firm’s 50-day moving average price is $79.93 and its 200 day moving average price is $86.43.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.05). Amdocs had a net margin of 10.62% and a return on equity of 17.85%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. As a group, sell-side analysts expect that Amdocs Limited will post 5.72 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.479 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.92 annualized dividend and a yield of 2.45%. Amdocs’s dividend payout ratio (DPR) is 43.15%.

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.