Toroso Investments LLC Purchases 988 Shares of Amdocs Limited (NASDAQ:DOX)

Toroso Investments LLC raised its stake in Amdocs Limited (NASDAQ:DOX – Get Rating) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,203 shares of the technology company’s stock after buying an additional 988 shares during the period. Toroso Investments LLC’s holdings in Amdocs were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DOX. Private Trust Co. NA purchased a new stake in Amdocs in the 2nd quarter valued at about $36,000. Ellevest Inc. raised its holdings in shares of Amdocs by 1,015.4% in the 3rd quarter. Ellevest Inc. now owns 580 shares of the technology company’s stock valued at $46,000 after purchasing an additional 528 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Amdocs in the 3rd quarter valued at about $49,000. Riverview Trust Co raised its holdings in shares of Amdocs by 32.8% in the 3rd quarter. Riverview Trust Co now owns 611 shares of the technology company’s stock valued at $49,000 after purchasing an additional 151 shares in the last quarter. Finally, Ronald Blue Trust Inc. raised its holdings in shares of Amdocs by 262.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 845 shares of the technology company’s stock valued at $70,000 after purchasing an additional 612 shares in the last quarter. 88.11% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $91.00 on Friday. The company’s fifty day moving average price is $92.24 and its 200 day moving average price is $87.32. Amdocs Limited has a 1 year low of $76.79 and a 1 year high of $97.08. The company has a market capitalization of $10.99 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from Amdocs’s previous quarterly dividend of $0.40. This represents a $1.74 dividend on an annualized basis and a yield of 1.91%. Amdocs’s dividend payout ratio is currently 35.59%.

Analyst Ratings Changes

Several research firms have recently commented on DOX. StockNews.com began coverage on shares of Amdocs in a report on Thursday. They issued a “buy” rating for the company. Robert W. Baird boosted their price objective on shares of Amdocs from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, Oppenheimer boosted their price objective on shares of Amdocs from $94.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

Amdocs Profile

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Amdocs Ltd. is a holding company, which engages in the provision of software products and services for the communications, entertainment, and media industry service providers. The company was founded in 1988 and is headquartered in Saint Louis, MO.