Mirabella Financial Services LLP Has $609,000 Stock Position in Amdocs Limited (NASDAQ:DOX)

Mirabella Financial Services LLP cut its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,151 shares of the technology company's stock after selling 7,151 shares during the period. Mirabella Financial Services LLP's holdings in Amdocs were worth $609,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DOX. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the fourth quarter worth approximately $41,000. Global Retirement Partners LLC boosted 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 valued at $48,000 after purchasing an additional 175 shares in the last quarter. Private Trust Co. NA increased its position in shares of Amdocs by 121.5% during the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after purchasing an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Amdocs by 199.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after buying an additional 457 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Price Performance

Shares of NASDAQ DOX traded up $0.86 during trading on Thursday, hitting $85.82. The company had a trading volume of 602,151 shares, compared to its average volume of 706,219. The company has a market cap of $9.69 billion, a P/E ratio of 19.91, a PEG ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The business's 50-day moving average is $87.19 and its 200 day moving average is $87.04. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's payout ratio is currently 48.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.20.

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.