Crestline Management LP Grows Holdings in Amdocs Limited (NASDAQ:DOX)

Crestline Management LP increased its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 185.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,034 shares of the technology company's stock after purchasing an additional 5,223 shares during the period. Crestline Management LP's holdings in Amdocs were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DOX. Cetera Investment Advisers grew its position in Amdocs by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 52,568 shares of the technology company's stock valued at $4,476,000 after buying an additional 2,961 shares during the period. Captrust Financial Advisors grew its position in shares of Amdocs by 9.3% in the fourth quarter. Captrust Financial Advisors now owns 41,660 shares of the technology company's stock valued at $3,547,000 after purchasing an additional 3,550 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Amdocs in the fourth quarter valued at about $173,000. Brown Advisory Inc. lifted its holdings in Amdocs by 4.7% in the 4th quarter. Brown Advisory Inc. now owns 938,918 shares of the technology company's stock valued at $79,939,000 after purchasing an additional 41,846 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in Amdocs by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock valued at $143,127,000 after purchasing an additional 781,061 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Amdocs Price Performance

DOX traded up $0.64 on Thursday, reaching $90.31. 163,122 shares of the company's stock were exchanged, compared to its average volume of 687,627. The stock has a market cap of $10.19 billion, a PE ratio of 20.97, a P/E/G ratio of 1.47 and a beta of 0.51. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The stock's fifty day moving average price is $87.48 and its 200-day moving average price is $87.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $1.56 earnings per share. Amdocs's quarterly revenue was down 9.4% compared to the same quarter last year. Sell-side analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is 44.21%.

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.