Jefferies Financial Group Inc. Acquires Shares of 19,328 Amdocs Limited (NASDAQ:DOX)

Jefferies Financial Group Inc. purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,328 shares of the technology company's stock, valued at approximately $1,646,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in Amdocs during the 4th quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the fourth quarter worth $41,000. Global Retirement Partners LLC raised its position in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after acquiring an additional 175 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in 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 during the period. Finally, Private Trust Co. NA lifted its stake in 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 in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Amdocs Stock Down 0.1%

DOX traded down $0.10 during midday trading on Friday, reaching $91.56. 628,142 shares of the company were exchanged, compared to its average volume of 681,267. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The company's fifty day moving average price is $88.12 and its 200 day moving average price is $87.19. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. The business's quarterly revenue was down 9.4% on a year-over-year basis. As a group, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

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 given a $0.527 dividend. The ex-dividend date 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 is currently 44.21%.

Amdocs Company Profile

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.