Ethic Inc. Increases Stock Position in Amdocs Limited (NASDAQ:DOX)

Ethic Inc. raised its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 54.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,739 shares of the technology company's stock after purchasing an additional 4,466 shares during the period. Ethic Inc.'s holdings in Amdocs were worth $1,085,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs in the 4th quarter worth approximately $41,000. Global Retirement Partners LLC raised its holdings in Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after purchasing an additional 208 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after acquiring an additional 368 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Down 0.1%

NASDAQ DOX traded down $0.05 on Monday, hitting $91.33. The stock had a trading volume of 40,858 shares, compared to its average volume of 683,438. 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 Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. The business's fifty day moving average price is $87.54 and its 200 day moving average price is $87.08.

Amdocs (NASDAQ:DOX - Get Free Report) last issued 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. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. Equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's dividend payout ratio is presently 44.21%.

Wall Street Analysts Forecast Growth

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

Amdocs Company 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.