Handelsbanken Fonder AB Acquires 10,399 Shares of Amdocs Limited (NASDAQ:DOX)

Handelsbanken Fonder AB grew its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 20.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,514 shares of the technology company's stock after buying an additional 10,399 shares during the quarter. Handelsbanken Fonder AB owned about 0.05% of Amdocs worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AdvisorNet Financial Inc grew its holdings in shares of Amdocs by 382.9% in the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock worth $31,000 after acquiring an additional 268 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Amdocs in the 1st quarter valued at $31,000. Jones Financial Companies Lllp purchased a new position in Amdocs in the 4th quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the 4th quarter worth about $41,000. Finally, Global Retirement Partners LLC lifted its stake 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 buying an additional 175 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th.

Amdocs Stock Performance

Shares of NASDAQ DOX traded down $2.13 during trading hours on Friday, reaching $91.95. The stock had a trading volume of 732,525 shares, compared to its average volume of 673,280. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.47 and a beta of 0.52. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The business's fifty day moving average is $88.70 and its two-hundred day moving average is $87.64. 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 (NASDAQ:DOX - Get Free Report) last released 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. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The company's quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share. As a group, research analysts expect that Amdocs Limited will post 6.21 EPS for the current 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 is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.29%. Amdocs's dividend payout ratio (DPR) is currently 44.21%.

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.