APG Asset Management N.V. Acquires New Position in Amdocs Limited (NASDAQ:DOX)

APG Asset Management N.V. bought a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 59,300 shares of the technology company's stock, valued at approximately $4,876,000. APG Asset Management N.V. owned approximately 0.05% of Amdocs as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Amdocs by 2.1% during the third quarter. HighTower Advisors LLC now owns 12,813 shares of the technology company's stock worth $1,122,000 after buying an additional 265 shares in the last quarter. National Bank of Canada FI boosted its position in Amdocs by 108.6% during the third quarter. National Bank of Canada FI now owns 46,575 shares of the technology company's stock worth $4,074,000 after acquiring an additional 24,247 shares during the last quarter. Barclays PLC grew its stake in Amdocs by 6.3% during the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company's stock valued at $25,402,000 after acquiring an additional 17,097 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amdocs by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,633,733 shares of the technology company's stock valued at $143,498,000 after acquiring an additional 158,843 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Amdocs in the 3rd quarter worth approximately $130,000. Institutional investors and hedge funds own 92.02% of the company's stock.

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Amdocs Trading Up 0.5 %

DOX traded up $0.45 during mid-day trading on Tuesday, hitting $84.55. 573,619 shares of the stock were exchanged, compared to its average volume of 701,140. The company has a market cap of $9.54 billion, a PE ratio of 19.62, a PEG ratio of 1.47 and a beta of 0.59. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $87.59 and its two-hundred day moving average is $87.23. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34.

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

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.49%. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is presently 48.72%.

Analyst Ratings Changes

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