Vaughan David Investments LLC IL Increases Position in Amdocs Limited $DOX

Vaughan David Investments LLC IL lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 463,084 shares of the technology company’s stock after acquiring an additional 10,720 shares during the quarter. Vaughan David Investments LLC IL owned 0.43% of Amdocs worth $37,283,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthCollab LLC raised its stake in Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after buying an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Amdocs during the fourth quarter valued at approximately $37,000. Los Angeles Capital Management LLC acquired a new stake in Amdocs during the fourth quarter valued at approximately $39,000. Abich Financial Wealth Management LLC acquired a new stake in Amdocs during the third quarter valued at approximately $39,000. Finally, Advisory Services Network LLC acquired a new stake in Amdocs during the third quarter valued at approximately $42,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on DOX shares. Cfra cut Amdocs to a “sell” rating in a research note on Thursday, May 14th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Finally, Stifel Nicolaus cut their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Amdocs presently has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Down 1.7%

NASDAQ:DOX opened at $56.01 on Friday. The firm has a market capitalization of $6.05 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.99 and a beta of 0.38. The stock has a 50 day moving average of $63.36 and a 200-day moving average of $70.85. Amdocs Limited has a 52 week low of $55.27 and a 52 week high of $95.41. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. Analysts predict that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 4.1%. Amdocs’s dividend payout ratio is 45.60%.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.