Steward Partners Investment Advisory LLC Has $213,000 Position in Amdocs Limited (NASDAQ:DOX)

Steward Partners Investment Advisory LLC reduced its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,505 shares of the technology company’s stock after selling 155 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Amdocs were worth $213,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc increased its stake in shares of Amdocs by 7.2% in the third quarter. Atria Investments Inc now owns 9,408 shares of the technology company’s stock valued at $823,000 after buying an additional 634 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Amdocs by 1.9% in the third quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock valued at $41,827,000 after buying an additional 9,098 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Amdocs in the third quarter valued at $223,000. Empowered Funds LLC increased its stake in shares of Amdocs by 23.7% in the third quarter. Empowered Funds LLC now owns 13,105 shares of the technology company’s stock valued at $1,146,000 after buying an additional 2,510 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Amdocs by 1.3% in the third quarter. Natixis Advisors LLC now owns 27,592 shares of the technology company’s stock valued at $2,414,000 after buying an additional 346 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Price Performance

Shares of DOX stock opened at $87.99 on Friday. The stock has a 50-day moving average price of $86.71 and a 200 day moving average price of $87.07. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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%. Research analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business 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 dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.40%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is 48.72%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.