CENTRAL TRUST Co Buys 794 Shares of Amdocs Limited (NASDAQ:DOX)

CENTRAL TRUST Co boosted its stake in Amdocs Limited (NASDAQ:DOX) by 44.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,583 shares of the technology company’s stock after purchasing an additional 794 shares during the quarter. CENTRAL TRUST Co’s holdings in Amdocs were worth $220,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC bought a new stake in Amdocs in the fourth quarter valued at $206,000. Sylvest Advisors LLC bought a new stake in Amdocs in the fourth quarter valued at $288,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Amdocs by 0.7% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 301,312 shares of the technology company’s stock valued at $25,654,000 after acquiring an additional 2,062 shares in the last quarter. Hixon Zuercher LLC boosted its holdings in Amdocs by 3.1% in the fourth quarter. Hixon Zuercher LLC now owns 38,747 shares of the technology company’s stock valued at $3,299,000 after acquiring an additional 1,167 shares in the last quarter. Finally, OLD National Bancorp IN boosted its holdings in Amdocs by 9.3% in the fourth quarter. OLD National Bancorp IN now owns 2,798 shares of the technology company’s stock valued at $238,000 after acquiring an additional 237 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

DOX opened at $86.86 on Wednesday. The stock has a 50-day moving average price of $85.96 and a 200-day moving average price of $86.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $9.81 billion, a PE ratio of 20.49, a P/E/G ratio of 1.47 and a beta of 0.71. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.69% and a net margin of 9.85%. Sell-side analysts predict that Amdocs Limited will post 6.19 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Tuesday, December 31st. Amdocs’s dividend payout ratio (DPR) is 45.28%.

Wall Street Analysts Forecast Growth

DOX has been the subject of several recent research reports. Oppenheimer raised their price objective on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $101.20.

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.