Amdocs Limited (NASDAQ:DOX) Shares Acquired by Edmp Inc.

Edmp Inc. grew its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 65.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,247 shares of the technology company's stock after buying an additional 8,439 shares during the quarter. Amdocs accounts for approximately 1.6% of Edmp Inc.'s portfolio, making the stock its 22nd biggest position. Edmp Inc.'s holdings in Amdocs were worth $1,944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moran Wealth Management LLC raised its position in shares of Amdocs by 946.8% during the 1st quarter. Moran Wealth Management LLC now owns 81,837 shares of the technology company's stock worth $7,488,000 after acquiring an additional 74,019 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Amdocs by 1.0% during the 1st quarter. GHP Investment Advisors Inc. now owns 103,993 shares of the technology company's stock worth $9,515,000 after acquiring an additional 1,061 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Amdocs by 7.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company's stock worth $616,000 after acquiring an additional 490 shares in the last quarter. Running Oak Capital LLC raised its position in shares of Amdocs by 10.7% during the 1st quarter. Running Oak Capital LLC now owns 171,551 shares of the technology company's stock worth $15,752,000 after acquiring an additional 16,538 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Amdocs by 43.1% during the 1st quarter. Blue Trust Inc. now owns 1,586 shares of the technology company's stock worth $145,000 after acquiring an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Amdocs from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.

Amdocs Stock Performance

DOX traded down $0.36 during trading on Friday, hitting $91.01. 1,723,320 shares of the stock were exchanged, compared to its average volume of 665,315. The firm has a market capitalization of $10.27 billion, a P/E ratio of 19.16, a PEG ratio of 1.50 and a beta of 0.52. Amdocs Limited has a 1-year low of $77.17 and a 1-year high of $95.41. The stock has a fifty day moving average price of $90.63 and a two-hundred day moving average price of $88.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 earnings per share. As a group, sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be given a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is 44.42%.

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.