Amdocs Limited $DOX Position Boosted by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL increased its holdings in Amdocs Limited (NASDAQ:DOX) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 463,084 shares of the technology company’s stock after purchasing an additional 10,720 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Amdocs were worth $37,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in Amdocs by 82.6% in the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after buying an additional 5,443,766 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Amdocs by 0.8% in the fourth quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock valued at $296,159,000 after purchasing an additional 29,829 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Amdocs by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,165,988 shares of the technology company’s stock valued at $253,786,000 after purchasing an additional 54,676 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Amdocs by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,151,532 shares of the technology company’s stock valued at $258,583,000 after purchasing an additional 91,900 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Amdocs by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,066,444 shares of the technology company’s stock valued at $251,602,000 after purchasing an additional 9,207 shares in the last quarter. 92.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DOX shares. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Stifel Nicolaus reduced their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Cfra lowered Amdocs to a “sell” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Amdocs currently has an average rating of “Hold” and an average price target of $86.67.

Amdocs Trading Down 1.7%

Shares of NASDAQ:DOX opened at $56.01 on Friday. The company has a market cap of $6.05 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.99 and a beta of 0.38. The stock’s 50-day moving average is $63.36 and its 200-day moving average is $70.85. Amdocs Limited has a 52-week low of $55.27 and a 52-week high of $95.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98.

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

Amdocs Announces Dividend

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

About Amdocs

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.