Mercer Global Advisors Inc. ADV Purchases 4,086 Shares of Amdocs Limited (NASDAQ:DOX)

Mercer Global Advisors Inc. ADV lifted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,646 shares of the technology company's stock after acquiring an additional 4,086 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Amdocs were worth $736,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Amdocs in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs in the fourth quarter valued at about $41,000. Global Retirement Partners LLC boosted its holdings in 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 buying an additional 175 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Amdocs by 55.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after buying an additional 208 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Analysts Set New Price Targets

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

Amdocs Trading Up 0.2%

NASDAQ:DOX traded up $0.19 on Friday, reaching $90.87. The company's stock had a trading volume of 70,796 shares, compared to its average volume of 686,356. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. The business's 50-day moving average price is $87.49 and its two-hundred day moving average price is $87.08. The firm has a market cap of $10.26 billion, a PE ratio of 21.08, a PEG ratio of 1.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.

Amdocs (NASDAQ:DOX - Get Free Report) last announced 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 net margin of 10.19% and a return on equity of 18.89%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company posted $1.56 EPS. The business's quarterly revenue was down 9.4% on a year-over-year basis. Equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal 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 given a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.32%. Amdocs's dividend payout ratio is currently 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.