Charles Schwab Investment Management Inc. Increases Holdings in Amdocs Limited (NASDAQ:DOX)

Charles Schwab Investment Management Inc. increased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,310 shares of the technology company’s stock after buying an additional 6,173 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.19% of Amdocs worth $18,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the fourth quarter worth $41,000. Jones Financial Companies Lllp acquired a new stake in Amdocs during the fourth quarter worth $36,000. Smartleaf Asset Management LLC increased its stake in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock worth $59,000 after acquiring an additional 457 shares during the last quarter. Fisher Asset Management LLC increased its stake in Amdocs by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 9,095 shares of the technology company’s stock worth $774,000 after acquiring an additional 274 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Trading Down 0.1 %

Shares of NASDAQ DOX opened at $89.19 on Thursday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $87.00 and a 200-day simple moving average of $87.14. The stock has a market capitalization of $10.07 billion, a PE ratio of 20.69, a PEG ratio of 1.47 and a beta of 0.68.

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

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.36%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s payout ratio is presently 48.72%.

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.