Evexia Wealth LLC Buys 1,066 Shares of Amdocs Limited (NASDAQ:DOX)

Evexia Wealth LLC raised its stake in Amdocs Limited (NASDAQ:DOX) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,155 shares of the technology company’s stock after buying an additional 1,066 shares during the period. Amdocs comprises about 1.7% of Evexia Wealth LLC’s 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 Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Amdocs during the fourth quarter valued at $25,000. Operose Advisors LLC boosted its position in shares of Amdocs by 148.0% during the 3rd quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in Amdocs during the fourth quarter worth approximately $26,000. VisionPoint Advisory Group LLC increased its holdings in Amdocs by 77.7% in the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 220 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Amdocs by 16,840.0% in the third quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock valued at $72,000 after buying an additional 842 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DOX shares. Barclays lifted their price objective on shares of Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Citigroup increased their price objective on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $108.60.

Amdocs Stock Up 0.1 %

DOX traded up $0.10 during trading on Tuesday, hitting $85.05. 668,680 shares of the company’s stock were exchanged, compared to its average volume of 659,086. The stock has a market cap of $10.00 billion, a P/E ratio of 18.21, a PEG ratio of 1.36 and a beta of 0.70. The business’s 50 day moving average is $88.69 and its two-hundred day moving average is $87.53. Amdocs Limited has a fifty-two week low of $78.38 and a fifty-two week high of $99.75. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. As a group, equities analysts expect that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

About Amdocs

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.