Norwood Financial Corp Takes Position in Amdocs Limited (NASDAQ:DOX)

Norwood Financial Corp purchased a new position in Amdocs Limited (NASDAQ:DOX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 360 shares of the technology company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently added to or reduced their stakes in DOX. Charles Schwab Investment Management Inc. lifted its stake in Amdocs by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 166,245 shares of the technology company’s stock worth $14,046,000 after acquiring an additional 1,912 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Amdocs in the third quarter worth approximately $210,000. Hsbc Holdings PLC lifted its stake in Amdocs by 91.8% in the third quarter. Hsbc Holdings PLC now owns 36,404 shares of the technology company’s stock worth $3,097,000 after acquiring an additional 17,424 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Amdocs in the third quarter worth approximately $513,000. Finally, LPL Financial LLC lifted its stake in Amdocs by 20.1% in the third quarter. LPL Financial LLC now owns 62,043 shares of the technology company’s stock worth $5,242,000 after acquiring an additional 10,372 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Citigroup reduced their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Amdocs presently has an average rating of “Moderate Buy” and a consensus target price of $103.80.

Amdocs Stock Up 0.7 %

Shares of NASDAQ:DOX traded up $0.57 during trading on Friday, hitting $78.92. 1,696,635 shares of the company were exchanged, compared to its average volume of 732,633. The firm’s 50 day moving average price is $80.54 and its 200-day moving average price is $86.64. The stock has a market capitalization of $9.28 billion, a P/E ratio of 17.73, a PEG ratio of 1.38 and a beta of 0.74. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $99.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, May 8th. The technology company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a net margin of 10.62% and a return on equity of 17.85%. On average, research analysts predict that Amdocs Limited will post 5.72 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a $0.479 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. Amdocs’s payout ratio is 43.15%.

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.