Haven Capital Group Inc. Acquires New Shares in Amdocs Limited (NASDAQ:DOX)

Haven Capital Group Inc. acquired a new stake in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,352 shares of the technology company’s stock, valued at approximately $200,000.

A number of other large investors have also recently added to or reduced their stakes in DOX. Private Trust Co. NA increased its position in shares of Amdocs by 62.9% during the third 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 purchased a new stake in shares of Amdocs during the third quarter worth $28,000. Jones Financial Companies Lllp purchased a new position in Amdocs in the fourth quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs in the fourth quarter valued at $41,000. Finally, Global Retirement Partners LLC increased its holdings in Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after buying an additional 175 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Stock Performance

NASDAQ DOX opened at $88.91 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The company has a market capitalization of $10.04 billion, a PE ratio of 20.63, a P/E/G ratio of 1.47 and a beta of 0.68. The company has a fifty day moving average of $86.80 and a two-hundred day moving average of $87.10.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data 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 net margin of 10.19% and a return on equity of 18.89%. As a group, analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 48.72%.

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.