Savant Capital LLC Has $264,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Savant Capital LLC increased its holdings in Amdocs Limited (NASDAQ:DOX) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,105 shares of the technology company’s stock after purchasing an additional 456 shares during the period. Savant Capital LLC’s holdings in Amdocs were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DOX. Private Trust Co. NA increased its position in Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group bought a new position in shares of Amdocs during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Amdocs during the 3rd quarter valued at about $55,000. Meeder Asset Management Inc. acquired a new position in shares of Amdocs in the 3rd quarter worth approximately $77,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Amdocs during the 3rd quarter worth about $130,000. 92.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DOX shares. Barclays cut their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Oppenheimer boosted their price target on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $101.20.

Amdocs Trading Up 1.4 %

Shares of Amdocs stock opened at $89.55 on Wednesday. The business’s 50 day moving average is $85.92 and its 200-day moving average is $86.49. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The stock has a market cap of $10.11 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.41 and a beta of 0.71. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.35%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is 48.72%.

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.