Empowered Funds LLC Has $1.22 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Empowered Funds LLC boosted its stake in Amdocs Limited (NASDAQ:DOX) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,270 shares of the technology company’s stock after buying an additional 1,165 shares during the quarter. Empowered Funds LLC’s holdings in Amdocs were worth $1,215,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings 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 valued at $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Amdocs during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in Amdocs during the 3rd quarter valued at about $55,000. Meeder Asset Management Inc. acquired a new position in Amdocs in the third quarter valued at about $77,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Amdocs in the third quarter valued at about $130,000. 92.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOX has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays dropped their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amdocs currently has an average rating of “Buy” and an average price target of $101.20.

Amdocs Stock Performance

Shares of Amdocs stock opened at $88.30 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $85.89 and a 200 day simple moving average of $86.47. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The firm has a market cap of $9.97 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.41 and a beta of 0.71.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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 net margin of 10.19% and a return on equity of 18.89%. Sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 31st. Amdocs’s payout ratio is currently 44.55%.

Amdocs 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.