SG Americas Securities LLC Purchases 13,672 Shares of Amdocs Limited (NASDAQ:DOX)

SG Americas Securities LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 22.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,454 shares of the technology company's stock after acquiring an additional 13,672 shares during the period. SG Americas Securities LLC owned about 0.07% of Amdocs worth $6,721,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DOX. AdvisorNet Financial Inc boosted its position in Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock valued at $31,000 after buying an additional 268 shares during the period. NBC Securities Inc. bought a new position in shares of Amdocs during the first quarter valued at about $31,000. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs in the fourth quarter worth about $41,000. Finally, Global Retirement Partners LLC increased its holdings in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after purchasing an additional 175 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Up 1.6%

Shares of NASDAQ:DOX traded up $1.47 during trading on Monday, hitting $93.42. The stock had a trading volume of 810,780 shares, compared to its average volume of 672,746. The company has a market capitalization of $10.55 billion, a PE ratio of 21.68, a PEG ratio of 1.47 and a beta of 0.52. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $88.93 and its 200 day moving average is $87.67. Amdocs Limited has a 12 month low of $74.63 and a 12 month high of $94.61.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The company's revenue for the quarter was down 9.4% on a year-over-year basis. Analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, June 30th. Amdocs's payout ratio is 44.21%.

Analysts Set New Price Targets

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

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.