Wealth Enhancement Advisory Services LLC Buys 3,031 Shares of Amdocs Limited (NASDAQ:DOX)

Wealth Enhancement Advisory Services LLC lifted its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,461 shares of the technology company's stock after purchasing an additional 3,031 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Amdocs worth $5,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs during the fourth quarter worth $41,000. Global Retirement Partners LLC boosted its position in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after buying an additional 208 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after buying an additional 368 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Down 0.3%

Shares of NASDAQ:DOX traded down $0.27 during mid-day trading on Wednesday, reaching $91.73. 474,417 shares of the stock were exchanged, compared to its average volume of 678,618. The stock's 50 day simple moving average is $88.11 and its 200-day simple moving average is $87.28. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The company has a market cap of $10.36 billion, a P/E ratio of 21.28, 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 released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The business's revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 EPS. As a group, equities research analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be given a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is currently 44.21%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a research note 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.