Janney Montgomery Scott LLC Invests $350,000 in Amdocs Limited (NASDAQ:DOX)

Janney Montgomery Scott LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX) in the 4th quarter, Holdings Channel.com reports. The firm purchased 4,109 shares of the technology company’s stock, valued at approximately $350,000.

A number of other large investors have also recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of Amdocs by 11.7% in the 2nd quarter. Millennium Management LLC now owns 45,804 shares of the technology company’s stock worth $3,615,000 after acquiring an additional 4,815 shares during the period. GAMMA Investing LLC grew its position in Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after purchasing an additional 428 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Amdocs by 64.1% in the third quarter. Gateway Investment Advisers LLC now owns 4,779 shares of the technology company’s stock valued at $418,000 after purchasing an additional 1,866 shares during the period. Creative Planning raised its holdings in shares of Amdocs by 37.3% during the third quarter. Creative Planning now owns 15,111 shares of the technology company’s stock valued at $1,322,000 after buying an additional 4,104 shares during the last quarter. Finally, Twelve Points Wealth Management LLC acquired a new position in shares of Amdocs during the third quarter worth approximately $231,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

NASDAQ:DOX opened at $85.80 on Tuesday. The company has a 50-day moving average of $85.94 and a 200-day moving average of $86.47. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.41 and a beta of 0.71. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04.

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

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. 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 is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.46%. Amdocs’s dividend payout ratio is currently 44.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DOX shares. Barclays lowered their price target on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Oppenheimer upped their price target on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.