Public Employees Retirement System of Ohio Buys Shares of 40,780 Amdocs Limited (NASDAQ:DOX)

Public Employees Retirement System of Ohio bought a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 40,780 shares of the technology company's stock, valued at approximately $3,472,000.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in Amdocs by 6.3% during the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company's stock worth $25,402,000 after acquiring an additional 17,097 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Amdocs during the 4th quarter worth about $350,000. Blue Trust Inc. grew its holdings in Amdocs by 27.3% during the 4th quarter. Blue Trust Inc. now owns 2,292 shares of the technology company's stock worth $201,000 after acquiring an additional 492 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Amdocs by 7.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,783 shares of the technology company's stock worth $237,000 after acquiring an additional 194 shares during the last quarter. Finally, Foster & Motley Inc. grew its holdings in Amdocs by 3.6% during the 4th quarter. Foster & Motley Inc. now owns 31,146 shares of the technology company's stock worth $2,652,000 after acquiring an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Price Performance

NASDAQ:DOX traded up $0.26 during mid-day trading on Wednesday, reaching $92.26. 100,509 shares of the company were exchanged, compared to its average volume of 677,159. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.61. The stock has a market cap of $10.42 billion, a PE ratio of 21.41, a PEG ratio of 1.47 and a beta of 0.51. The company has a fifty day moving average of $88.11 and a 200 day moving average of $87.28.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $1.56 EPS. The company's revenue was down 9.4% compared to the same quarter last year. On average, research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.28%. Amdocs's payout ratio 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.