OneDigital Investment Advisors LLC Buys 521 Shares of Amdocs Limited (NASDAQ:DOX)

OneDigital Investment Advisors LLC lifted its stake in Amdocs Limited (NASDAQ:DOX) by 20.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,026 shares of the technology company’s stock after acquiring an additional 521 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Amdocs were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Amdocs by 17.5% during the first quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock valued at $90,000 after buying an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Amdocs by 7.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company’s stock valued at $616,000 after buying an additional 490 shares during the period. HighTower Advisors LLC grew its position in Amdocs by 20.0% during the fourth quarter. HighTower Advisors LLC now owns 15,374 shares of the technology company’s stock valued at $1,309,000 after buying an additional 2,561 shares during the period. Tower Research Capital LLC TRC grew its position in Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after buying an additional 208 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock worth $261,756,000 after purchasing an additional 426,035 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Trading Down 1.1%

NASDAQ DOX opened at $88.26 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.46 and a beta of 0.52. The company’s 50-day simple moving average is $91.63 and its two-hundred day simple moving average is $88.33. Amdocs Limited has a one year low of $78.61 and a one year high of $95.41.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $1.56 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. Equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 44.42%.

Wall Street Analyst Weigh In

DOX has been the topic of several research analyst reports. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Wolfe Research initiated coverage on shares of Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $105.33.

About Amdocs

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.