Boston Trust Walden Corp Buys 2,322 Shares of Amdocs Limited (NASDAQ:DOX)

Boston Trust Walden Corp grew its stake in Amdocs Limited (NASDAQ:DOX) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,709 shares of the technology company’s stock after purchasing an additional 2,322 shares during the quarter. Boston Trust Walden Corp owned approximately 0.53% of Amdocs worth $54,300,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DOX. Vanguard Group Inc. boosted its holdings in Amdocs by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,457,368 shares of the technology company’s stock worth $128,088,000 after acquiring an additional 20,283 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Amdocs in the 4th quarter worth about $244,000. Wealth Enhancement Advisory Services LLC increased its stake in Amdocs by 1.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,367 shares of the technology company’s stock valued at $5,636,000 after buying an additional 1,036 shares during the last quarter. Diversified Trust Co lifted its position in shares of Amdocs by 43.9% during the 1st quarter. Diversified Trust Co now owns 64,792 shares of the technology company’s stock worth $5,855,000 after buying an additional 19,774 shares in the last quarter. Finally, Wasatch Advisors LP purchased a new position in shares of Amdocs in the 1st quarter worth approximately $1,943,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

NASDAQ DOX traded down $0.87 on Friday, hitting $88.87. 242,979 shares of the stock traded hands, compared to its average volume of 674,938. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The business’s fifty day moving average is $87.08 and its two-hundred day moving average is $83.62. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.42 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, equities analysts anticipate that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, September 30th were paid a $0.479 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.16%. Amdocs’s dividend payout ratio is 42.92%.

Analysts Set New Price Targets

A number of analysts recently commented on DOX shares. Stifel Nicolaus began coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $102.00.

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.