Arrowstreet Capital Limited Partnership Boosts Position in Amdocs Limited (NASDAQ:DOX)

Arrowstreet Capital Limited Partnership increased its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 827,317 shares of the technology company's stock after acquiring an additional 191,013 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.73% of Amdocs worth $70,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DOX. Jones Financial Companies Lllp acquired a new position in shares of Amdocs in the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs in the 4th quarter worth about $41,000. Global Retirement Partners LLC boosted its position 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 purchasing an additional 175 shares in the last quarter. Private Trust Co. NA grew its holdings in Amdocs by 121.5% in the fourth 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 increased its position in shares of Amdocs by 199.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after buying an additional 457 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Price Performance

Shares of NASDAQ DOX traded down $4.63 during midday trading on Friday, hitting $83.70. The stock had a trading volume of 805,986 shares, compared to its average volume of 690,661. 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 stock has a 50 day simple moving average of $88.29 and a 200-day simple moving average of $87.45. The company has a market capitalization of $9.45 billion, a PE ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34.

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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%. On average, sell-side analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is 48.72%.

Analyst Ratings Changes

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

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.