Amdocs Limited (NASDAQ:DOX) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,900 shares of the technology company's stock after purchasing an additional 3,300 shares during the period. Canada Pension Plan Investment Board's holdings in Amdocs were worth $2,205,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Pzena Investment Management LLC grew its holdings in Amdocs by 4.3% in the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock valued at $564,866,000 after buying an additional 270,810 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Amdocs by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company's stock valued at $274,681,000 after purchasing an additional 87,801 shares during the period. Vanguard Group Inc. increased its position in Amdocs by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after purchasing an additional 426,035 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after purchasing an additional 543,490 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after buying an additional 125,654 shares during the period. Hedge funds and other institutional investors own 92.02% of the company's stock.

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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.20.

Amdocs Trading Up 1.2 %

NASDAQ DOX traded up $1.05 during trading on Tuesday, hitting $87.83. The stock had a trading volume of 89,296 shares, compared to its average volume of 703,881. The company has a market capitalization of $9.91 billion, a PE ratio of 20.43, 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. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $87.01 and a 200 day moving average price of $87.00.

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

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were issued a $0.527 dividend. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 2.40%. Amdocs's dividend payout ratio (DPR) is 48.72%.

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.