Entropy Technologies LP Buys Shares of 2,800 Amdocs Limited (NASDAQ:DOX)

Entropy Technologies LP purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,800 shares of the technology company’s stock, valued at approximately $238,000.

Other large investors have also bought and sold shares of the company. Creative Planning lifted its stake in Amdocs by 37.3% in the third quarter. Creative Planning now owns 15,111 shares of the technology company’s stock valued at $1,322,000 after buying an additional 4,104 shares during the period. Twelve Points Wealth Management LLC acquired a new stake in shares of Amdocs in the 3rd quarter valued at approximately $231,000. Inspire Advisors LLC boosted its stake in Amdocs by 85.8% during the 3rd quarter. Inspire Advisors LLC now owns 11,079 shares of the technology company’s stock worth $969,000 after acquiring an additional 5,117 shares during the last quarter. Net Worth Advisory Group acquired a new position in Amdocs during the third quarter valued at approximately $264,000. Finally, Blue Trust Inc. increased its stake in Amdocs by 58.2% in the third quarter. Blue Trust Inc. now owns 1,800 shares of the technology company’s stock valued at $157,000 after purchasing an additional 662 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

DOX opened at $87.23 on Friday. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.41 and a beta of 0.71. The business’s 50-day moving average price is $85.85 and its two-hundred day moving average price is $86.47. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (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%. Equities analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.42%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is 48.72%.

Wall Street Analysts Forecast Growth

DOX has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Oppenheimer lifted their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One research 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 stock. Based on data from MarketBeat.com, Amdocs currently has an average rating of “Buy” and a consensus price target of $101.20.

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.