EP Wealth Advisors LLC Purchases New Position in Amdocs Limited (NASDAQ:DOX)

EP Wealth Advisors LLC purchased a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,281 shares of the technology company's stock, valued at approximately $365,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in Amdocs by 6.3% in the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company's stock worth $25,402,000 after purchasing an additional 17,097 shares during the last quarter. Steph & Co. raised its position in shares of Amdocs by 14.4% during the fourth quarter. Steph & Co. now owns 6,649 shares of the technology company's stock worth $566,000 after purchasing an additional 837 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Amdocs by 15.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company's stock worth $69,646,000 after acquiring an additional 107,349 shares in the last quarter. HB Wealth Management LLC raised its stake in Amdocs by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company's stock valued at $327,000 after purchasing an additional 264 shares during the period. Finally, Liberty One Investment Management LLC boosted its position in Amdocs by 2.5% during the 4th quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company's stock worth $18,002,000 after acquiring an additional 5,252 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Up 0.9%

Shares of DOX stock opened at $92.30 on Tuesday. The stock's 50 day simple moving average is $87.45 and its 200 day simple moving average is $87.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.56 EPS. The company's revenue was down 9.4% on a year-over-year basis. As a group, research analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The company 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 is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.28%. Amdocs's dividend payout ratio is currently 44.21%.

Analyst Upgrades and Downgrades

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