Evexia Wealth LLC Boosts Holdings in Amdocs Limited (NASDAQ:DOX)

Evexia Wealth LLC increased its holdings in Amdocs Limited (NASDAQ:DOX) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,155 shares of the technology company’s stock after acquiring an additional 1,066 shares during the period. Amdocs makes up approximately 1.7% of Evexia Wealth LLC’s investment portfolio, making the stock its 24th biggest position. Evexia Wealth LLC’s holdings in Amdocs were worth $4,082,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. lifted its position in Amdocs by 8.4% in the third quarter. Xponance Inc. now owns 4,469 shares of the technology company’s stock valued at $378,000 after purchasing an additional 348 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Amdocs by 3.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,599 shares of the technology company’s stock valued at $473,000 after buying an additional 191 shares during the period. Bank of New York Mellon Corp grew its holdings in Amdocs by 9.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 365,317 shares of the technology company’s stock worth $30,866,000 after acquiring an additional 31,676 shares during the last quarter. Strs Ohio purchased a new position in shares of Amdocs in the third quarter valued at about $10,876,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Amdocs during the third quarter valued at about $2,436,000. Institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DOX. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Barclays boosted their target price on Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Citigroup raised their price target on Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $108.60.

Amdocs Stock Up 0.1 %

Amdocs stock traded up $0.10 during trading hours on Tuesday, hitting $85.05. 668,680 shares of the stock traded hands, compared to its average volume of 659,086. Amdocs Limited has a one year low of $78.38 and a one year high of $99.75. The company has a market cap of $10.00 billion, a PE ratio of 18.21, a PEG ratio of 1.36 and a beta of 0.70. The firm’s 50-day moving average price is $88.69 and its two-hundred day moving average price is $87.53. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.16. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. On average, research analysts forecast that Amdocs Limited will post 5.87 EPS for the current year.

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.