Quantinno Capital Management LP Buys 6,238 Shares of Amdocs Limited (NASDAQ:DOX)

Quantinno Capital Management LP boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,033 shares of the technology company's stock after purchasing an additional 6,238 shares during the period. Quantinno Capital Management LP owned approximately 0.08% of Amdocs worth $8,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Occudo Quantitative Strategies LP acquired a new stake in Amdocs during the fourth quarter valued at approximately $394,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Amdocs by 11.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,076 shares of the technology company's stock valued at $4,689,000 after acquiring an additional 5,713 shares in the last quarter. MJP Associates Inc. ADV purchased a new stake in shares of Amdocs in the 4th quarter valued at approximately $527,000. Lazard Asset Management LLC lifted its position in shares of Amdocs by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 12,812 shares of the technology company's stock valued at $1,090,000 after acquiring an additional 3,023 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Amdocs in the 4th quarter valued at approximately $1,646,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Amdocs Stock Up 1.5%

DOX stock traded up $1.36 during midday trading on Wednesday, reaching $92.35. The company had a trading volume of 285,561 shares, compared to its average volume of 693,424. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.43 billion, a P/E ratio of 21.44, a PEG ratio of 1.47 and a beta of 0.51. The company has a 50 day moving average of $87.70 and a two-hundred day moving average of $87.13.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.56 EPS. Amdocs's quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is presently 44.21%.

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.