Cetera Investment Advisers Boosts Stock Position in Amdocs Limited (NASDAQ:DOX)

Cetera Investment Advisers boosted its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,568 shares of the technology company's stock after purchasing an additional 2,961 shares during the quarter. Cetera Investment Advisers' holdings in Amdocs were worth $4,476,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% during the fourth 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. Tower Research Capital LLC TRC grew its holdings in Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after buying an additional 208 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after buying an additional 368 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Up 0.8%

Amdocs stock traded up $0.70 during trading on Friday, hitting $91.38. 437,257 shares of the company were exchanged, compared to its average volume of 685,997. The business's 50 day moving average is $87.54 and its 200 day moving average is $87.09. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.61. The company has a market capitalization of $10.32 billion, a P/E ratio of 21.20, a PEG ratio of 1.47 and a beta of 0.51. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

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

Amdocs Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.31%. Amdocs's dividend payout ratio is currently 44.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a 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.