Jones Financial Companies Lllp Takes $36,000 Position in Amdocs Limited (NASDAQ:DOX)

Jones Financial Companies Lllp purchased a new stake in Amdocs Limited (NASDAQ:DOX) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 417 shares of the technology company’s stock, valued at approximately $36,000.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in Amdocs by 1.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock worth $579,632,000 after purchasing an additional 111,357 shares during the last quarter. Pzena Investment Management LLC raised its position in Amdocs by 12.3% during the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock worth $556,700,000 after purchasing an additional 696,136 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Amdocs by 2.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company’s stock worth $274,681,000 after acquiring an additional 87,801 shares during the period. Wellington Management Group LLP grew its holdings in Amdocs by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,136,932 shares of the technology company’s stock worth $186,939,000 after acquiring an additional 16,580 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after acquiring an additional 125,654 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

Shares of DOX opened at $89.28 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The stock has a 50-day moving average of $86.90 and a 200-day moving average of $87.12. The company has a market cap of $10.08 billion, a PE ratio of 20.71, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs Limited has a one year low of $74.41 and a one year high of $93.34.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.36%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 48.72%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Amdocs has an average rating of “Moderate Buy” and a consensus target price of $101.20.

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.