Boothbay Fund Management LLC Has $20.46 Million Position in Amdocs Limited (NASDAQ:DOX)

Boothbay Fund Management LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,306 shares of the technology company's stock after acquiring an additional 26,623 shares during the period. Amdocs comprises approximately 0.5% of Boothbay Fund Management LLC's portfolio, making the stock its 23rd biggest holding. Boothbay Fund Management LLC owned about 0.21% of Amdocs worth $20,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of DOX. Jones Financial Companies Lllp bought a new position in Amdocs during the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs in the fourth quarter worth about $41,000. Global Retirement Partners LLC increased its stake in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Amdocs by 55.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after purchasing an additional 208 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after purchasing an additional 368 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

Shares of NASDAQ DOX traded up $0.57 during trading hours on Thursday, reaching $89.15. The stock had a trading volume of 177,410 shares, compared to its average volume of 704,360. The business's fifty day moving average is $87.00 and its two-hundred day moving average is $87.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.47 and a beta of 0.59. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. As a group, research analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 31st were paid a dividend of $0.527 per share. This is a positive change from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.36%. The ex-dividend date was Monday, March 31st. Amdocs's dividend payout ratio is currently 48.72%.

Analyst Ratings Changes

Separately, StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $101.20.

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.