Crossmark Global Holdings Inc. Boosts Stake in Amdocs Limited (NASDAQ:DOX)

Crossmark Global Holdings Inc. raised its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,005 shares of the technology company's stock after purchasing an additional 2,789 shares during the quarter. Crossmark Global Holdings Inc. owned 0.13% of Amdocs worth $13,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. raised its position in shares of Amdocs by 86.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock worth $143,127,000 after acquiring an additional 781,061 shares during the period. Wellington Management Group LLP raised its holdings in Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after acquiring an additional 543,490 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Amdocs in the 4th quarter valued at about $44,494,000. Vanguard Group Inc. grew its stake in shares of Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after buying an additional 426,035 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Amdocs by 2,489.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company's stock valued at $32,045,000 after buying an additional 361,845 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 0.8%

Shares of Amdocs stock traded down $0.78 during mid-day trading on Monday, hitting $91.82. The stock had a trading volume of 605,231 shares, compared to its average volume of 660,358. The firm has a 50-day moving average of $91.39 and a two-hundred day moving average of $88.21. Amdocs Limited has a 12-month low of $77.17 and a 12-month high of $95.41. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.37 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.53 and a beta of 0.52.

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 for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. The business's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 EPS. Sell-side analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 2.30%. Amdocs's payout ratio is currently 44.42%.

Analyst Upgrades and Downgrades

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

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.