Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $10.43 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,470 shares of the technology company’s stock after buying an additional 17,221 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned 0.11% of Amdocs worth $10,427,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOX. Private Trust Co. NA lifted its holdings 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 buying an additional 117 shares during the last quarter. Brooklyn Investment Group bought a new stake in Amdocs in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in Amdocs in the 3rd quarter worth $55,000. GAMMA Investing LLC increased its holdings in shares of Amdocs by 115.1% during the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock worth $70,000 after purchasing an additional 428 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Amdocs during the third quarter valued at about $77,000. 92.02% of the stock is owned by institutional investors.

Amdocs Trading Up 0.8 %

Shares of DOX opened at $85.28 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. 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. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock has a 50 day simple moving average of $85.69 and a 200-day simple moving average of $86.15.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.479 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.25%. Amdocs’s payout ratio is presently 45.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th. Barclays lowered their price objective on Amdocs from $113.00 to $111.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Oppenheimer upped their target price on Amdocs from $98.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus assumed coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

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.