Carolina Wealth Advisors LLC acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 71,927 shares of the technology company's stock, valued at approximately $6,581,000. Amdocs accounts for about 3.6% of Carolina Wealth Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Carolina Wealth Advisors LLC owned approximately 0.06% of Amdocs at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC increased its position in shares of Amdocs by 5.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock valued at $207,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Amdocs by 17.5% during the first quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company's stock valued at $90,000 after purchasing an additional 147 shares during the period. Global Retirement Partners LLC lifted its holdings in Amdocs by 45.6% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Amdocs by 55.0% in the fourth 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 in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Amdocs by 3.1% in the 1st quarter. Fifth Third Bancorp now owns 7,537 shares of the technology company's stock worth $690,000 after purchasing an additional 225 shares during the period. 92.02% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Amdocs from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.
Read Our Latest Stock Report on Amdocs
Amdocs Trading Up 1.0%
Shares of NASDAQ:DOX traded up $0.95 during trading hours on Tuesday, hitting $92.19. 621,788 shares of the company's stock traded hands, compared to its average volume of 664,958. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average price of $90.82 and a 200-day moving average price of $88.04. Amdocs Limited has a 1 year low of $77.17 and a 1 year high of $95.41. The firm has a market capitalization of $10.41 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.50 and a beta of 0.52.
Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the company earned $1.56 EPS. The firm's quarterly revenue was down 9.4% on a year-over-year basis. Equities analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.
Amdocs Announces Dividend
The business 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 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 yield of 2.29%. Amdocs's dividend payout ratio is currently 44.42%.
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.
Featured Stories
Before you consider Amdocs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amdocs wasn't on the list.
While Amdocs currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
