Robeco Institutional Asset Management B.V. Raises Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Robeco Institutional Asset Management B.V. grew its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525,068 shares of the technology company's stock after acquiring an additional 4,359 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.47% of Amdocs worth $48,044,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Sylvest Advisors LLC boosted its position in Amdocs by 24.4% in the first quarter. Sylvest Advisors LLC now owns 4,211 shares of the technology company's stock worth $385,000 after purchasing an additional 825 shares during the last quarter. Edmp Inc. grew its position in Amdocs by 65.9% during the first quarter. Edmp Inc. now owns 21,247 shares of the technology company's stock valued at $1,944,000 after buying an additional 8,439 shares during the period. Moran Wealth Management LLC increased its holdings in Amdocs by 946.8% during the first quarter. Moran Wealth Management LLC now owns 81,837 shares of the technology company's stock valued at $7,488,000 after buying an additional 74,019 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Amdocs by 1.0% in the first quarter. GHP Investment Advisors Inc. now owns 103,993 shares of the technology company's stock worth $9,515,000 after acquiring an additional 1,061 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Amdocs by 7.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company's stock worth $616,000 after acquiring an additional 490 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Price Performance

NASDAQ DOX opened at $91.37 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 12 month low of $77.17 and a 12 month high of $95.41. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.50 and a beta of 0.52. The company's 50 day moving average is $90.31 and its two-hundred day moving average is $87.95.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the company earned $1.56 EPS. Amdocs's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is currently 44.42%.

Analyst Ratings Changes

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

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.

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