Allianz Asset Management GmbH Has $40.64 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Allianz Asset Management GmbH boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 66.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 444,104 shares of the technology company's stock after acquiring an additional 176,839 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.39% of Amdocs worth $40,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. lifted its holdings in Amdocs by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock worth $143,127,000 after purchasing an additional 781,061 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Amdocs by 25.4% in the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after purchasing an additional 543,490 shares during the period. Vanguard Group Inc. lifted its stake in shares of Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after buying an additional 426,035 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Amdocs by 2,489.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company's stock worth $32,045,000 after buying an additional 361,845 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Amdocs by 32.8% in the 4th quarter. Russell Investments Group Ltd. now owns 979,861 shares of the technology company's stock valued at $83,426,000 after buying an additional 242,093 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Wolfe Research began coverage on Amdocs in a research note on Tuesday, July 8th. They issued an "outperform" rating on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $105.33.

Amdocs Stock Performance

DOX stock traded down $0.56 on Friday, reaching $87.85. 357,851 shares of the company were exchanged, compared to its average volume of 711,254. The firm has a market capitalization of $9.92 billion, a PE ratio of 18.49, a PEG ratio of 1.45 and a beta of 0.52. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The stock's fifty day moving average price is $91.22 and its 200 day moving average price is $88.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX - Get Free Report) last posted 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 net margin of 11.39% and a return on equity of 19.52%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business posted $1.56 EPS. The business's quarterly revenue was down 9.4% on a year-over-year basis. On average, research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, June 30th were issued a $0.527 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.40%. Amdocs's dividend payout ratio (DPR) is 44.42%.

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.