Jane Street Group LLC Increases Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Jane Street Group LLC raised its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 111.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,246 shares of the technology company's stock after purchasing an additional 20,723 shares during the quarter. Jane Street Group LLC's holdings in Amdocs were worth $3,341,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs during the fourth quarter worth about $41,000. Global Retirement Partners LLC raised its position 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 worth $48,000 after acquiring an additional 175 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 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. 92.02% of the stock is currently owned by institutional investors.

Amdocs Trading Up 0.8%

NASDAQ DOX traded up $0.70 during trading hours on Friday, hitting $91.38. 437,257 shares of the company's stock were exchanged, compared to its average volume of 685,997. The stock has a 50-day simple moving average of $87.54 and a 200 day simple moving average of $87.08. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.47 and a beta of 0.51. 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 the consensus estimate of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm's revenue was down 9.4% on a year-over-year basis. On average, equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid 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 dividend payout ratio (DPR) is presently 44.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note 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.