Raiffeisen Bank International AG Makes New $307,000 Investment in Amdocs Limited (NASDAQ:DOX)

Raiffeisen Bank International AG acquired a new position in Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,596 shares of the technology company's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alyeska Investment Group L.P. raised its holdings in Amdocs by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock valued at $143,127,000 after buying an additional 781,061 shares during the period. Wellington Management Group LLP increased its position in Amdocs by 25.4% during the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after acquiring an additional 543,490 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amdocs in the fourth quarter valued at $44,494,000. Vanguard Group Inc. lifted its holdings in shares of Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after acquiring an additional 426,035 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Amdocs by 2,489.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company's stock worth $32,045,000 after purchasing an additional 361,845 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 0.5%

Amdocs stock traded down $0.42 during mid-day trading on Friday, hitting $91.20. The company's stock had a trading volume of 125,851 shares, compared to its average volume of 692,686. 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 company has a 50 day moving average of $87.83 and a 200-day moving average of $87.19. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The stock has a market cap of $10.30 billion, a PE ratio of 21.16, a P/E/G 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, beating analysts' consensus estimates of $1.71 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The business's revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 earnings per share. On average, research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given a dividend of $0.527 per share. 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 (DPR) is presently 44.21%.

Analyst Upgrades and Downgrades

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

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.