Impact Partnership Wealth LLC Invests $214,000 in Amdocs Limited (NASDAQ:DOX)

Impact Partnership Wealth LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,511 shares of the technology company’s stock, valued at approximately $214,000.

A number of other large investors have also added to or reduced their stakes in DOX. Mutual Advisors LLC lifted its position in shares of Amdocs by 15.2% during the 4th quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company’s stock valued at $319,000 after acquiring an additional 496 shares during the period. Janney Montgomery Scott LLC acquired a new position in Amdocs in the fourth quarter valued at about $350,000. Liberty One Investment Management LLC lifted its position in Amdocs by 2.5% during the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company’s stock worth $18,002,000 after purchasing an additional 5,252 shares during the period. HB Wealth Management LLC lifted its position in Amdocs by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock worth $327,000 after purchasing an additional 264 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Amdocs by 15.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock worth $69,646,000 after buying an additional 107,349 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

DOX has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 14th. Oppenheimer upped 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. Stifel Nicolaus began coverage on Amdocs in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Barclays dropped 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Amdocs has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Stock Performance

NASDAQ DOX opened at $85.28 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The stock has a market cap of $9.63 billion, a PE ratio of 20.11, a PEG ratio of 1.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s fifty day moving average price is $85.69 and its two-hundred day moving average price is $86.04.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.479 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 2.25%. Amdocs’s dividend payout ratio is presently 45.28%.

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.