Captrust Financial Advisors Has $3.55 Million Stock Position in Amdocs Limited (NASDAQ:DOX)

Captrust Financial Advisors lifted its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,660 shares of the technology company's stock after acquiring an additional 3,550 shares during the period. Captrust Financial Advisors' holdings in Amdocs were worth $3,547,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DOX. Axxcess Wealth Management LLC raised its stake in Amdocs by 5.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock valued at $207,000 after purchasing an additional 124 shares during the period. Principal Securities Inc. boosted its position in Amdocs by 10.4% during the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after acquiring an additional 126 shares during the period. Global Retirement Partners LLC grew its stake in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after acquiring an additional 175 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Amdocs by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock valued at $308,000 after purchasing an additional 180 shares during the period. Finally, KFG Wealth Management LLC lifted its position in shares of Amdocs by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock worth $213,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Down 1.2 %

DOX opened at $91.41 on Friday. The company has a market capitalization of $10.32 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. The business has a 50-day moving average of $87.36 and a 200-day moving average of $87.01. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.61. 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 posted its 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. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. Equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

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 given a $0.527 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.31%. Amdocs's dividend payout ratio is currently 48.72%.

Wall Street Analyst Weigh In

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 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.

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