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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,076 shares of the technology company's stock after purchasing an additional 5,713 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Amdocs were worth $4,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Amdocs by 6.3% during the third quarter. Barclays PLC now owns 290,376 shares of the technology company's stock valued at $25,402,000 after buying an additional 17,097 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Amdocs by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company's stock valued at $327,000 after buying an additional 264 shares during the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Amdocs by 2.5% during the fourth quarter. Liberty One Investment Management LLC now owns 211,443 shares of the technology company's stock valued at $18,002,000 after buying an additional 5,252 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Amdocs during the fourth quarter valued at approximately $350,000. Finally, Mutual Advisors LLC grew its holdings in shares of Amdocs by 15.2% during the fourth quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company's stock valued at $319,000 after buying an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Stock Performance

Amdocs stock traded down $0.26 during midday trading on Friday, reaching $91.36. 690,093 shares of the company traded hands, compared to its average volume of 685,860. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The business has a 50 day moving average of $87.87 and a two-hundred day moving average of $87.17. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) 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 company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company posted $1.56 earnings per share. The firm's quarterly revenue was down 9.4% on a year-over-year basis. As a group, research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Amdocs

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.