Amdocs Limited (NASDAQ:DOX) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its position in Amdocs Limited (NASDAQ:DOX) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,783 shares of the technology company’s stock after purchasing an additional 194 shares during the period. Foundations Investment Advisors LLC’s holdings in Amdocs were worth $237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Amdocs by 1.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock worth $516,000 after acquiring an additional 109 shares in the last quarter. Private Trust Co. NA increased its stake in 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 purchasing an additional 117 shares during the last quarter. Morton Community Bank raised its holdings in shares of Amdocs by 0.4% during the third quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock worth $3,185,000 after purchasing an additional 130 shares during the period. Private Advisor Group LLC lifted its position in shares of Amdocs by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after buying an additional 175 shares during the last quarter. Finally, KFG Wealth Management LLC boosted its holdings in shares of Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock valued at $213,000 after buying an additional 189 shares during the period. 92.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOX has been the topic of several research reports. Oppenheimer increased their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $88.19 on Friday. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.04. The company has a market cap of $9.96 billion, a PE ratio of 20.80, a P/E/G ratio of 1.44 and a beta of 0.71. The stock has a 50 day simple moving average of $85.97 and a 200-day simple moving average of $86.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is 45.28%.

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.