Two Sigma Securities LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,726 shares of the technology company's stock, valued at approximately $658,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in Amdocs during the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs in the fourth quarter valued at $41,000. Global Retirement Partners LLC grew its stake in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after purchasing an additional 208 shares in the last quarter. Finally, Private Trust Co. NA boosted 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 buying an additional 368 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.20.
Check Out Our Latest Stock Analysis on Amdocs
Amdocs Stock Up 0.6 %
Amdocs stock traded up $0.51 during mid-day trading on Thursday, hitting $89.09. The company had a trading volume of 145,334 shares, compared to its average volume of 704,275. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.47 and a beta of 0.59. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The business has a fifty day moving average of $87.00 and a 200 day moving average of $87.01.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, sell-side analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 31st were paid a $0.527 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.37%. This is a boost from Amdocs's previous quarterly dividend of $0.48. Amdocs's payout ratio is currently 48.72%.
About Amdocs
(
Free Report)
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.
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