Tempus Wealth Planning LLC Boosts Stake in Amdocs Limited (NASDAQ:DOX)

Tempus Wealth Planning LLC lifted its holdings in Amdocs Limited (NASDAQ:DOX) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,117 shares of the technology company’s stock after buying an additional 275 shares during the period. Tempus Wealth Planning LLC’s holdings in Amdocs were worth $436,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in Amdocs by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 5,902 shares of the technology company’s stock valued at $516,000 after acquiring an additional 109 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares during the period. Morton Community Bank grew its holdings in Amdocs by 0.4% during the third quarter. Morton Community Bank now owns 36,410 shares of the technology company’s stock valued at $3,185,000 after purchasing an additional 130 shares during the period. Private Advisor Group LLC increased its position in Amdocs by 3.2% in the third quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock worth $492,000 after buying an additional 175 shares during the last quarter. Finally, KFG Wealth Management LLC raised its stake in shares of Amdocs by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock valued at $213,000 after buying an additional 189 shares during the period. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

DOX stock opened at $86.86 on Wednesday. The firm has a 50 day moving average of $85.96 and a 200-day moving average of $86.40. The firm has a market capitalization of $9.81 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 9.85% and a return on equity of 18.69%. As a group, 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 declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.479 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.21%. Amdocs’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Upgrades and Downgrades

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

Amdocs 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.