Martin & Co. Inc. TN Sells 2,805 Shares of Amdocs Limited (NASDAQ:DOX)

Martin & Co. Inc. TN lessened its holdings in Amdocs Limited (NASDAQ:DOX) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,657 shares of the technology company’s stock after selling 2,805 shares during the quarter. Amdocs makes up 1.4% of Martin & Co. Inc. TN’s holdings, making the stock its 20th largest holding. Martin & Co. Inc. TN’s holdings in Amdocs were worth $5,505,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Amdocs by 36.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,175,790 shares of the technology company’s stock worth $277,818,000 after purchasing an additional 851,022 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Amdocs by 12.3% during the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock worth $556,700,000 after purchasing an additional 696,136 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Amdocs by 123.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock worth $66,409,000 after purchasing an additional 419,045 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Amdocs by 1,207.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock worth $23,768,000 after purchasing an additional 250,918 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Amdocs by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,633,733 shares of the technology company’s stock valued at $143,498,000 after buying an additional 158,843 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DOX. Oppenheimer increased their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Barclays dropped their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amdocs presently has a consensus rating of “Buy” and an average price target of $101.20.

Amdocs Stock Performance

NASDAQ DOX opened at $88.30 on Monday. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The company has a market cap of $9.97 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. 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 stock’s 50 day simple moving average is $85.89 and its 200-day simple moving average is $86.47.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, equities research analysts anticipate 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 Sunday, April 20th. Investors of record on Monday, March 31st will be issued a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.39%. Amdocs’s dividend payout ratio (DPR) is 44.55%.

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.