Lazard Asset Management LLC Buys 3,023 Shares of Amdocs Limited (NASDAQ:DOX)

Lazard Asset Management LLC grew its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,812 shares of the technology company's stock after purchasing an additional 3,023 shares during the period. Lazard Asset Management LLC's holdings in Amdocs were worth $1,090,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its holdings in Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock valued at $207,000 after acquiring an additional 124 shares during the last quarter. Principal Securities Inc. grew its position in Amdocs by 10.4% in the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after acquiring an additional 126 shares during the period. Global Retirement Partners LLC grew its holdings 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 buying an additional 175 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Amdocs by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock valued at $308,000 after purchasing an additional 180 shares during the period. Finally, KFG Wealth Management LLC lifted its stake in shares of Amdocs by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock worth $213,000 after acquiring an additional 189 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Down 0.3%

Shares of NASDAQ:DOX traded down $0.26 during trading hours on Friday, reaching $91.36. The stock had a trading volume of 690,093 shares, compared to its average volume of 685,860. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The firm's 50 day moving average is $87.87 and its 200-day moving average is $87.14. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.47 and a beta of 0.51.

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

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.31%. Amdocs's dividend payout ratio (DPR) is 44.21%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note 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.