717 Shares in Amdocs Limited (NASDAQ:DOX) Bought by Principal Securities Inc.

Principal Securities Inc. bought a new position in shares of Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 717 shares of the technology company’s stock, valued at approximately $63,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Amdocs during the fourth quarter worth $25,000. Operose Advisors LLC increased its holdings in Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. Oakworth Capital Inc. acquired a new position in Amdocs during the fourth quarter worth $26,000. VisionPoint Advisory Group LLC increased its holdings in shares of Amdocs by 77.7% in the third 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. Finally, Quent Capital LLC increased its holdings in shares of Amdocs by 27.3% in the fourth 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 currently owned by institutional investors and hedge funds.

Amdocs Trading Down 1.2 %

Shares of Amdocs stock opened at $80.97 on Friday. The firm has a 50-day moving average of $86.35 and a 200-day moving average of $87.63. The stock has a market cap of $9.52 billion, a PE ratio of 18.20, a PEG ratio of 1.45 and a beta of 0.70. Amdocs Limited has a 52-week low of $78.38 and a 52-week high of $99.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.479 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.92 annualized dividend and a yield of 2.37%. Amdocs’s dividend payout ratio is 43.15%.

Analysts Set New Price Targets

DOX has been the topic 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 decreased their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Barclays upped their price objective on shares of Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Robert W. Baird reduced their target price on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.83.

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.