6,390 Shares in Amdocs Limited (NASDAQ:DOX) Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC bought a new stake in Amdocs Limited (NASDAQ:DOX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,390 shares of the technology company's stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Townsquare Capital LLC raised its holdings in shares of Amdocs by 7.4% in the fourth quarter. Townsquare Capital LLC now owns 6,056 shares of the technology company's stock worth $516,000 after buying an additional 418 shares during the last quarter. Sterling Capital Management LLC grew its stake in Amdocs by 52.7% during the 4th quarter. Sterling Capital Management LLC now owns 6,670 shares of the technology company's stock valued at $568,000 after purchasing an additional 2,302 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of Amdocs by 22.7% in the fourth quarter. Scotia Capital Inc. now owns 3,942 shares of the technology company's stock worth $336,000 after purchasing an additional 729 shares during the last quarter. APG Asset Management N.V. purchased a new position in Amdocs during the 4th quarter worth approximately $4,876,000. Finally, Renaissance Technologies LLC boosted its holdings in Amdocs by 97.6% in the fourth quarter. Renaissance Technologies LLC now owns 134,400 shares of the technology company's stock valued at $11,443,000 after purchasing an additional 66,400 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

NASDAQ:DOX traded down $0.10 during trading hours on Friday, reaching $83.18. 808,930 shares of the company were exchanged, compared to its average volume of 704,373. The stock's 50-day moving average is $87.40 and its 200-day moving average is $87.13. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34. The firm has a market cap of $9.39 billion, a PE ratio of 19.30, a price-to-earnings-growth 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.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. On average, sell-side analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is currently 48.72%.

Analyst Ratings Changes

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

Amdocs Company 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.