Ascent Group LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 257.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the technology company's stock after purchasing an additional 6,411 shares during the quarter. Ascent Group LLC's holdings in Amdocs were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOX. Jones Financial Companies Lllp acquired a new position in shares of Amdocs in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Amdocs in the 4th quarter valued at $41,000. Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after acquiring an additional 175 shares during the period. Tower Research Capital LLC TRC increased 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 acquiring an additional 208 shares during the period. Finally, Private Trust Co. NA increased its holdings 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 acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.
View Our Latest Stock Report on DOX
Amdocs Price Performance
Shares of NASDAQ DOX traded down $0.10 during trading on Friday, hitting $91.56. 628,142 shares of the company were exchanged, compared to its average volume of 681,267. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.47 and a beta of 0.51. The firm's fifty day moving average price is $88.12 and its 200 day moving average price is $87.18.
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, topping analysts' consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the company posted $1.56 EPS. The business's revenue for the quarter was down 9.4% on a year-over-year basis. On average, sell-side analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.30%. Amdocs's dividend payout ratio (DPR) is presently 44.21%.
About Amdocs
(
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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