Lawson Kroeker Investment Management Inc. NE Sells 3,015 Shares of Amdocs Limited (NASDAQ:DOX)

Lawson Kroeker Investment Management Inc. NE lowered its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,015 shares of the technology company's stock after selling 3,015 shares during the quarter. Lawson Kroeker Investment Management Inc. NE's holdings in Amdocs were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Amdocs in the fourth quarter worth $1,906,000. Private Trust Co. NA boosted its position in Amdocs by 121.5% during the 4th 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. Fisher Asset Management LLC grew its stake in Amdocs by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 9,095 shares of the technology company's stock valued at $774,000 after acquiring an additional 274 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Amdocs by 199.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after purchasing an additional 457 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Amdocs in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Down 0.5%

Shares of DOX stock traded down $0.46 on Wednesday, hitting $91.73. The company's stock had a trading volume of 541,535 shares, compared to its average volume of 664,566. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.51 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. The firm's fifty day moving average price is $90.98 and its 200-day moving average price is $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The business's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 earnings per share. Research analysts anticipate 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.30%. Amdocs's dividend payout ratio (DPR) is presently 44.42%.

Analyst Upgrades and Downgrades

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

Amdocs 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.