Vanguard Group Inc. Buys 426,035 Shares of Amdocs Limited (NASDAQ:DOX)

Vanguard Group Inc. lifted its stake in Amdocs Limited (NASDAQ:DOX) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,074,424 shares of the technology company’s stock after purchasing an additional 426,035 shares during the period. Vanguard Group Inc. owned 2.72% of Amdocs worth $261,756,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in Amdocs by 25.4% in the fourth quarter. LPL Financial LLC now owns 123,015 shares of the technology company’s stock worth $10,473,000 after buying an additional 24,947 shares during the period. AXQ Capital LP purchased a new position in shares of Amdocs in the 4th quarter valued at approximately $728,000. Summit Global Investments bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $1,813,000. Northwest & Ethical Investments L.P. grew its stake in Amdocs by 8.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 190,050 shares of the technology company’s stock worth $16,181,000 after purchasing an additional 14,015 shares during the period. Finally, Lingohr Asset Management GmbH raised its holdings in Amdocs by 42.1% in the fourth quarter. Lingohr Asset Management GmbH now owns 11,064 shares of the technology company’s stock worth $938,000 after purchasing an additional 3,277 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Down 5.2 %

Shares of Amdocs stock opened at $83.70 on Friday. The company has a 50-day simple moving average of $88.29 and a two-hundred day simple moving average of $87.44. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $93.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a market capitalization of $9.45 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last announced 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 return on equity of 18.89% and a net margin of 10.19%. On average, analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a $0.527 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.52%. Amdocs’s payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

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

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.