New York State Common Retirement Fund Grows Stock Holdings in Amdocs Limited (NASDAQ:DOX)

New York State Common Retirement Fund grew its holdings in Amdocs Limited (NASDAQ:DOX) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,155 shares of the technology company’s stock after purchasing an additional 32,921 shares during the quarter. New York State Common Retirement Fund’s holdings in Amdocs were worth $50,462,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Operose Advisors LLC raised its position in shares of Amdocs by 148.0% during the 3rd quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after buying an additional 185 shares during the period. Oakworth Capital Inc. acquired a new stake in Amdocs in the 4th quarter valued at approximately $26,000. VisionPoint Advisory Group LLC increased its holdings in Amdocs by 77.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 220 shares during the last quarter. Allworth Financial LP increased its holdings in Amdocs by 16,840.0% in the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock valued at $72,000 after purchasing an additional 842 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in Amdocs by 27.3% in the 4th quarter. Quent Capital LLC now owns 1,148 shares of the technology company’s stock valued at $101,000 after purchasing an additional 246 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOX has been the subject of several research reports. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th. Citigroup boosted their price target on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Barclays boosted their price target on shares of Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Amdocs presently has an average rating of “Buy” and an average price target of $108.60.

Amdocs Stock Performance

Shares of DOX stock opened at $86.57 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $89.93 and a 200 day moving average price of $87.33. The company has a market cap of $10.18 billion, a P/E ratio of 18.54, a PEG ratio of 1.40 and a beta of 0.69. Amdocs Limited has a 12 month low of $78.38 and a 12 month high of $99.75.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Sell-side analysts predict that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, March 29th will be given a $0.479 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. Amdocs’s payout ratio is 41.11%.

Amdocs Company 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.