Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,800 shares of the technology company’s stock, valued at approximately $1,475,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Amdocs by 13.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,096 shares of the technology company’s stock valued at $78,000 after purchasing an additional 131 shares during the period. Rehmann Capital Advisory Group boosted its holdings in Amdocs by 1.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,145 shares of the technology company’s stock worth $932,000 after buying an additional 166 shares during the last quarter. Banque Cantonale Vaudoise grew its position in shares of Amdocs by 1.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 9,430 shares of the technology company’s stock worth $668,000 after buying an additional 167 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Amdocs by 50.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 668 shares of the technology company’s stock valued at $47,000 after acquiring an additional 224 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Amdocs by 5.4% in the 4th quarter. Cresset Asset Management LLC now owns 5,876 shares of the technology company’s stock valued at $419,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.
Amdocs stock opened at $74.33 on Tuesday. The company has a 50 day moving average of $77.43 and a 200-day moving average of $68.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Amdocs Limited has a twelve month low of $54.68 and a twelve month high of $82.38. The stock has a market capitalization of $9.75 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 23rd. Investors of record on Wednesday, March 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, March 30th. This is a positive change from Amdocs’s previous quarterly dividend of $0.33. Amdocs’s dividend payout ratio (DPR) is currently 34.37%.
Several research firms have weighed in on DOX. Oppenheimer reiterated a “buy” rating on shares of Amdocs in a report on Friday. Citigroup raised their price objective on Amdocs from $82.00 to $87.00 in a research note on Wednesday, February 3rd.
Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions.
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