WBI Investments LLC Takes Position in Amdocs Limited (NASDAQ:DOX)

WBI Investments LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,413 shares of the technology company's stock, valued at approximately $1,227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Axxcess Wealth Management LLC boosted its holdings in shares of Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock worth $207,000 after buying an additional 124 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Amdocs by 10.4% in the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after buying an additional 126 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after buying an additional 175 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Amdocs by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock worth $308,000 after buying an additional 180 shares during the last quarter. Finally, KFG Wealth Management LLC boosted its holdings in shares of Amdocs by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock worth $213,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

Amdocs Stock Performance

NASDAQ DOX traded down $0.10 on Thursday, reaching $91.62. 624,450 shares of the stock were exchanged, compared to its average volume of 684,927. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The firm has a market capitalization of $10.34 billion, a PE ratio of 21.26, a PEG ratio of 1.47 and a beta of 0.51. The company's 50-day simple moving average is $87.78 and its two-hundred day simple moving average is $87.17. 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 (NASDAQ:DOX - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business earned $1.56 EPS. The firm's revenue was down 9.4% compared to the same quarter last year. Analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's payout ratio is currently 44.21%.

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.