Strategic Global Advisors LLC Buys Shares of 14,520 Amdocs Limited (NASDAQ:DOX)

Strategic Global Advisors LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,520 shares of the technology company's stock, valued at approximately $1,236,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in shares of Amdocs in the fourth quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the 4th quarter valued at about $41,000. Global Retirement Partners LLC increased its holdings in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after acquiring an additional 175 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after acquiring an additional 208 shares during the last quarter. Finally, Private Trust Co. NA raised its position in 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. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 0.4%

DOX traded down $0.37 during trading on Friday, hitting $91.25. The company's stock had a trading volume of 150,501 shares, compared to its average volume of 682,831. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The firm's 50 day moving average price is $87.83 and its 200-day moving average price is $87.19. 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 stock has a market cap of $10.30 billion, a PE ratio of 21.17, a PEG ratio of 1.47 and a beta of 0.51.

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, topping the consensus estimate of $1.71 by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. On average, analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The business also recently declared 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 of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.31%. Amdocs's dividend payout ratio (DPR) is presently 44.21%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a research 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.