Mather Group LLC. Sells 264 Shares of Amdocs Limited (NASDAQ:DOX)

Mather Group LLC. trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,430 shares of the technology company’s stock after selling 264 shares during the quarter. Mather Group LLC.’s holdings in Amdocs were worth $214,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DOX. GAMMA Investing LLC bought a new stake in Amdocs during the 4th quarter valued at $25,000. Operose Advisors LLC lifted its stake in Amdocs by 148.0% in the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after acquiring an additional 185 shares during the period. Oakworth Capital Inc. bought a new position in Amdocs during the 4th quarter worth about $26,000. VisionPoint Advisory Group LLC grew its holdings in Amdocs by 77.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after acquiring an additional 220 shares in the last quarter. Finally, Allworth Financial LP increased its position in Amdocs by 16,840.0% during 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 period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.3 %

Amdocs stock opened at $83.90 on Friday. Amdocs Limited has a 1-year low of $78.38 and a 1-year high of $99.75. The business has a fifty day moving average price of $88.95 and a 200-day moving average price of $87.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.35 and a beta of 0.70.

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

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, March 29th were paid a dividend of $0.479 per share. This is an increase from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Amdocs’s payout ratio is presently 41.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DOX shares. Citigroup lifted their price objective on shares of Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, March 15th. Finally, Barclays raised their price objective on Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $108.60.

About Amdocs

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.