Mackenzie Financial Corp Boosts Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Mackenzie Financial Corp lifted its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,938 shares of the technology company's stock after purchasing an additional 8,809 shares during the quarter. Mackenzie Financial Corp owned about 0.08% of Amdocs worth $8,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOX. Jones Financial Companies Lllp bought a new position in shares of Amdocs during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC lifted its position 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 worth $48,000 after buying an additional 175 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Amdocs by 55.0% during 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 in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Amdocs by 121.5% during the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after buying an additional 368 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

NASDAQ:DOX traded down $0.10 during midday trading on Friday, hitting $91.56. The company had a trading volume of 628,142 shares, compared to its average volume of 681,267. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The stock's fifty day moving average price is $88.12 and its 200-day moving average price is $87.19. The company has a market capitalization of $10.34 billion, a PE ratio of 21.24, a P/E/G ratio of 1.47 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its 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. 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 quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. As a group, research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is 44.21%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

About Amdocs

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.