Dudley & Shanley Inc. Acquires 20,030 Shares of Amdocs Limited (NASDAQ:DOX)

Dudley & Shanley Inc. grew its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 245,411 shares of the technology company's stock after buying an additional 20,030 shares during the period. Amdocs makes up about 3.5% of Dudley & Shanley Inc.'s investment portfolio, making the stock its 14th largest holding. Dudley & Shanley Inc. owned about 0.22% of Amdocs worth $22,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOX. AdvisorNet Financial Inc grew its stake in shares of Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock valued at $31,000 after acquiring an additional 268 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs in the fourth quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter valued at $41,000. Global Retirement Partners LLC lifted its stake in shares of 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 buying an additional 175 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 buying an additional 208 shares during the period. 92.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.

Amdocs Price Performance

Shares of DOX stock traded down $0.58 during mid-day trading on Thursday, hitting $91.15. The company had a trading volume of 167,741 shares, compared to its average volume of 676,539. The company has a market capitalization of $10.29 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.47 and a beta of 0.51. The stock's 50 day moving average price is $88.13 and its 200-day moving average price is $87.31. Amdocs Limited has a 52-week low of $74.41 and a 52-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 announced 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 business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The business's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. Equities research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date 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 44.21%.

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.