Liberty One Investment Management LLC increased its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,148 shares of the technology company's stock after buying an additional 6,705 shares during the quarter. Amdocs comprises approximately 2.0% of Liberty One Investment Management LLC's holdings, making the stock its 24th largest position. Liberty One Investment Management LLC owned 0.19% of Amdocs worth $19,961,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its stake in Amdocs by 4.3% during the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock valued at $564,866,000 after buying an additional 270,810 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amdocs by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after purchasing an additional 426,035 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Amdocs by 25.4% during 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 last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Amdocs by 86.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock valued at $143,127,000 after purchasing an additional 781,061 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Amdocs by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,672,193 shares of the technology company's stock valued at $143,262,000 after purchasing an additional 38,460 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Amdocs from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th.
Get Our Latest Stock Analysis on Amdocs
Amdocs Stock Performance
Shares of DOX stock opened at $91.82 on Tuesday. 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 Limited has a fifty-two week low of $77.17 and a fifty-two week high of $95.41. The stock's 50-day moving average is $91.49 and its two-hundred day moving average is $88.24. The firm has a market cap of $10.37 billion, a P/E ratio of 19.33, a PEG ratio of 1.53 and a beta of 0.52.
Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business earned $1.56 EPS. The firm's revenue was down 9.4% compared to the same quarter last year. Analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is currently 44.21%.
Amdocs Company Profile
(
Free Report)
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.
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