Robeco Institutional Asset Management B.V. Acquires 4,359 Shares of Amdocs Limited (NASDAQ:DOX)

Robeco Institutional Asset Management B.V. grew its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525,068 shares of the technology company's stock after purchasing an additional 4,359 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.47% of Amdocs worth $48,044,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DOX. Global Retirement Partners LLC boosted its stake 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 valued at $48,000 after purchasing an additional 175 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Amdocs by 5.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 43,808 shares of the technology company's stock worth $3,730,000 after acquiring an additional 2,447 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Amdocs during the fourth quarter worth about $1,906,000. Private Trust Co. NA raised its position in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Amdocs by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 9,095 shares of the technology company's stock worth $774,000 after acquiring an additional 274 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Amdocs from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.

Amdocs Trading Up 0.3%

Shares of DOX traded up $0.23 during mid-day trading on Monday, reaching $91.24. 619,338 shares of the company were exchanged, compared to its average volume of 665,131. Amdocs Limited has a 52 week low of $77.17 and a 52 week high of $95.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $10.30 billion, a PE ratio of 19.21, a PEG ratio of 1.50 and a beta of 0.52. The business has a 50 day simple moving average of $90.82 and a two-hundred day simple moving average of $88.04.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share 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 the consensus estimate of $1.12 billion. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The firm's revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. On average, analysts predict that Amdocs Limited will post 6.21 earnings per share 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 issued 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 payout ratio is currently 44.42%.

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.