Farther Finance Advisors LLC Acquires 472 Shares of Amdocs Limited (NASDAQ:DOX)

Farther Finance Advisors LLC raised its holdings in Amdocs Limited (NASDAQ:DOX) by 127.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 841 shares of the technology company’s stock after purchasing an additional 472 shares during the quarter. Farther Finance Advisors LLC’s holdings in Amdocs were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOX. Private Trust Co. NA lifted its position in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Amdocs during the third quarter valued at approximately $28,000. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC grew its stake in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Trading Down 0.1 %

Shares of NASDAQ DOX opened at $88.27 on Friday. The company’s 50 day simple moving average is $87.21 and its 200 day simple moving average is $87.16. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. The firm has a market capitalization of $9.96 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. On average, analysts predict that Amdocs Limited will post 6.21 EPS for the current 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 positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.39%. Amdocs’s dividend payout ratio (DPR) is 48.72%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

About Amdocs

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.