Carolina Wealth Advisors LLC Makes New $6.58 Million Investment in Amdocs Limited (NASDAQ:DOX)

Carolina Wealth Advisors LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 holdings, making the stock its 7th biggest holding. Carolina Wealth Advisors LLC owned 0.06% of Amdocs as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its stake in shares of Amdocs by 382.9% in 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. acquired a new stake in shares of Amdocs in the 1st quarter valued at about $31,000. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs in the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Amdocs during the fourth quarter worth approximately $41,000. Finally, Global Retirement Partners LLC lifted 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 worth $48,000 after purchasing an additional 175 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Down 0.4%

DOX stock traded down $0.36 during mid-day trading on Friday, reaching $91.01. 1,723,320 shares of the company traded hands, compared to its average volume of 665,315. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average price is $90.63 and its 200 day moving average price is $88.02. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.50 and a beta of 0.52. Amdocs Limited has a fifty-two week low of $77.17 and a fifty-two week high of $95.41.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its earnings results 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.56 earnings per share. The company's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.32%. Amdocs's dividend payout ratio is currently 44.42%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Amdocs from a "hold" rating to a "buy" rating in a research note 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.