Smartleaf Asset Management LLC Purchases 457 Shares of Amdocs Limited (NASDAQ:DOX)

Smartleaf Asset Management LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 199.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 686 shares of the technology company’s stock after acquiring an additional 457 shares during the period. Smartleaf Asset Management LLC’s holdings in Amdocs were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in shares of Amdocs by 37.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,175 shares of the technology company’s stock worth $190,000 after buying an additional 598 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Amdocs in the 3rd quarter worth $208,000. Verdence Capital Advisors LLC increased its holdings in shares of Amdocs by 5.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,375 shares of the technology company’s stock worth $383,000 after buying an additional 232 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Amdocs by 7.2% in the 3rd quarter. Atria Investments Inc now owns 9,408 shares of the technology company’s stock worth $823,000 after buying an additional 634 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Amdocs by 12.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 11,725 shares of the technology company’s stock worth $1,026,000 after buying an additional 1,305 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Up 0.0 %

NASDAQ:DOX opened at $90.49 on Tuesday. Amdocs Limited has a one year low of $74.41 and a one year high of $93.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company’s 50-day simple moving average is $86.47 and its 200 day simple moving average is $87.01. The firm has a market capitalization of $10.22 billion, a P/E ratio of 21.00, a PEG ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last issued its earnings results 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%. As a group, analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. 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 2.33%. Amdocs’s payout ratio is 48.72%.

Analysts Set New Price Targets

DOX has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Finally, Oppenheimer increased their target price on shares of Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

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.