EP Wealth Advisors LLC Invests $365,000 in Amdocs Limited (NASDAQ:DOX)

EP Wealth Advisors LLC acquired a new position in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,281 shares of the technology company’s stock, valued at approximately $365,000.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings in Amdocs by 6.3% during the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company’s stock worth $25,402,000 after purchasing an additional 17,097 shares during the last quarter. Steph & Co. grew its holdings in shares of Amdocs by 14.4% during the fourth quarter. Steph & Co. now owns 6,649 shares of the technology company’s stock worth $566,000 after buying an additional 837 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Amdocs by 15.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock valued at $69,646,000 after purchasing an additional 107,349 shares in the last quarter. HB Wealth Management LLC boosted its position in Amdocs by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock valued at $327,000 after purchasing an additional 264 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its stake in shares of Amdocs by 2.5% in the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock valued at $18,002,000 after buying an additional 5,252 shares in the last quarter. 92.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Amdocs Stock Up 0.9%

Shares of DOX opened at $92.30 on Tuesday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.61. The firm’s 50 day moving average is $87.45 and its 200-day moving average is $87.01. The stock has a market capitalization of $10.42 billion, a PE ratio of 21.42, a P/E/G ratio of 1.47 and a beta of 0.51. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. Equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.28%. Amdocs’s dividend payout ratio (DPR) is presently 44.21%.

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.