MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 5,713 Shares of Amdocs Limited (NASDAQ:DOX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,076 shares of the technology company's stock after buying an additional 5,713 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Amdocs were worth $4,689,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Amdocs in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs in the 4th quarter valued at $41,000. Global Retirement Partners LLC boosted its holdings in Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after purchasing an additional 175 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after purchasing an additional 208 shares during the period. Finally, Private Trust Co. NA boosted its holdings 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 purchasing an additional 368 shares during the period. 92.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

Amdocs Trading Up 0.8%

Shares of DOX stock opened at $91.38 on Monday. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.47 and a beta of 0.51. 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 firm has a fifty day moving average of $87.54 and a 200-day moving average of $87.08.

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

Amdocs Dividend Announcement

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

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.

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