Bank Julius Baer & Co. Ltd Zurich Invests $115,000 in Amdocs Limited (NASDAQ:DOX)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,225 shares of the technology company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DOX. Private Trust Co. NA grew its stake in shares of Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group bought a new position in Amdocs in the 3rd quarter worth about $28,000. Jones Financial Companies Lllp bought a new position in Amdocs in the 4th quarter worth about $36,000. SBI Securities Co. Ltd. bought a new position in Amdocs in the 4th quarter worth about $41,000. Finally, Global Retirement Partners LLC boosted its stake in Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Barclays cut their target price on Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, Oppenheimer raised their target price on Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.20.

Amdocs Stock Down 1.9 %

Shares of DOX opened at $88.79 on Wednesday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.83. 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 simple moving average of $86.54 and a two-hundred day simple moving average of $87.03. The firm has a market cap of $10.02 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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, analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is 48.72%.

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.