AGF Management Ltd. lowered its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,762 shares of the technology company's stock after selling 6,512 shares during the quarter. AGF Management Ltd.'s holdings in Amdocs were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of Amdocs by 8.3% in the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company's stock valued at $141,112,000 after acquiring an additional 127,426 shares during the period. Mirabella Financial Services LLP lifted its stake in Amdocs by 204.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company's stock worth $1,250,000 after purchasing an additional 9,600 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Amdocs by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company's stock valued at $41,827,000 after purchasing an additional 9,098 shares during the period. Pacer Advisors Inc. grew its position in shares of Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after purchasing an additional 125,654 shares in the last quarter. Finally, Dudley & Shanley Inc. increased its holdings in shares of Amdocs by 7.6% in the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company's stock worth $22,905,000 after purchasing an additional 18,600 shares during the period. Hedge funds and other institutional investors own 92.02% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Amdocs has a consensus rating of "Moderate Buy" and an average target price of $101.20.
Get Our Latest Research Report on Amdocs
Amdocs Price Performance
NASDAQ:DOX traded up $0.92 during midday trading on Monday, hitting $88.91. The company had a trading volume of 497,200 shares, compared to its average volume of 675,028. The stock's fifty day moving average price is $86.71 and its 200-day moving average price is $87.08. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $93.34. 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 company has a market capitalization of $10.04 billion, a PE ratio of 20.63, a P/E/G ratio of 1.47 and a beta of 0.68.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.19% and a return on equity of 18.89%. As a group, research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.
Amdocs Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a $0.527 dividend. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.37%. Amdocs's dividend payout ratio is 48.72%.
Amdocs Company Profile
(
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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