Lansforsakringar Fondforvaltning AB publ Buys New Holdings in Amdocs Limited (NASDAQ:DOX)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,542 shares of the technology company's stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Amdocs in the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs in the fourth quarter worth approximately $41,000. Global Retirement Partners LLC grew its position in Amdocs by 45.6% in 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 period. Tower Research Capital LLC TRC grew its position in Amdocs by 55.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after acquiring an additional 208 shares during the period. Finally, Private Trust Co. NA grew its position in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Trading Down 0.1%

DOX traded down $0.10 on Friday, hitting $91.56. The company had a trading volume of 628,142 shares, compared to its average volume of 681,267. The firm has a market cap of $10.34 billion, a P/E ratio of 21.24, a PEG ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The company's fifty day moving average price is $88.12 and its 200 day moving average price is $87.18. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX - Get Free Report) last issued 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. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Amdocs's revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. As a group, equities analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders 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 yield of 2.30%. Amdocs's dividend payout ratio (DPR) is presently 44.21%.

Wall Street Analyst Weigh In

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

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.