Global Retirement Partners LLC Has $48,000 Stock Position in Amdocs Limited (NASDAQ:DOX)

Global Retirement Partners LLC lifted its holdings in Amdocs Limited (NASDAQ:DOX) by 45.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 559 shares of the technology company’s stock after acquiring an additional 175 shares during the period. Global Retirement Partners LLC’s holdings in Amdocs were worth $48,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of Amdocs by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after purchasing an additional 175 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Amdocs by 7.0% in the third quarter. First Trust Direct Indexing L.P. now owns 3,063 shares of the technology company’s stock valued at $268,000 after buying an additional 200 shares during the period. Affinity Investment Advisors LLC boosted its stake in shares of Amdocs by 19.3% in the third quarter. Affinity Investment Advisors LLC now owns 8,605 shares of the technology company’s stock valued at $753,000 after buying an additional 1,393 shares during the period. Phillips Wealth Planners LLC acquired a new stake in Amdocs during the third quarter worth approximately $204,000. Finally, Van ECK Associates Corp increased its stake in Amdocs by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 36,463 shares of the technology company’s stock worth $3,269,000 after acquiring an additional 565 shares during the period. 92.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DOX. Barclays cut their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Oppenheimer raised 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Price Performance

Shares of DOX stock opened at $87.25 on Friday. The business has a fifty day simple moving average of $86.22 and a 200 day simple moving average of $86.81. The company has a market cap of $9.85 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.47 and a beta of 0.71. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

Amdocs (NASDAQ:DOX) last posted its earnings results 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%. On average, sell-side analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal 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 paid a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. 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.