Amdocs Limited (NASDAQ:DOX) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 459,830 shares of the technology company's stock after purchasing an additional 188,129 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Amdocs worth $39,150,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC grew its holdings in Amdocs by 4.3% during the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock valued at $564,866,000 after buying an additional 270,810 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Amdocs by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company's stock valued at $274,681,000 after acquiring an additional 87,801 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Amdocs by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after acquiring an additional 426,035 shares during the last quarter. Wellington Management Group LLP increased its position in Amdocs by 25.4% during the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock worth $228,211,000 after purchasing an additional 543,490 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after purchasing an additional 125,654 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Trading Down 0.6%

Shares of NASDAQ DOX traded down $0.56 on Friday, reaching $91.10. 135,854 shares of the company traded hands, compared to its average volume of 679,942. The company has a 50 day moving average of $88.10 and a 200 day moving average of $87.19. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.61. The stock has a market capitalization of $10.28 billion, a PE ratio of 21.17, a P/E/G ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The firm had revenue of $1.13 billion for 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%. Amdocs's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. On average, equities research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, June 30th. Amdocs's dividend payout ratio (DPR) is 44.21%.

Wall Street Analysts Forecast Growth

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 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.