Jefferies Financial Group Inc. Buys New Holdings in Amdocs Limited (NASDAQ:DOX)

Jefferies Financial Group Inc. purchased a new position in Amdocs Limited (NASDAQ:DOX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,328 shares of the technology company's stock, valued at approximately $1,646,000.

Several other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in shares of 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 worth $274,681,000 after purchasing an additional 87,801 shares during the last quarter. Vanguard Group Inc. lifted its position in Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after buying an additional 426,035 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after purchasing an additional 543,490 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Amdocs by 7.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after buying an additional 125,654 shares during the period. Hedge funds and other institutional investors own 92.02% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.

Amdocs Stock Up 0.1%

Shares of DOX stock traded up $0.13 during trading hours on Tuesday, hitting $91.35. 62,618 shares of the company's stock traded hands, compared to its average volume of 682,119. The stock's fifty day simple moving average is $87.62 and its two-hundred day simple moving average is $87.11. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.61. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was down 9.4% on a year-over-year basis. During the same period last year, the business posted $1.56 EPS. On average, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a dividend of $0.527 per share. The ex-dividend date 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%.

Amdocs 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.