Franklin Resources Inc. increased its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,011 shares of the technology company's stock after acquiring an additional 101,781 shares during the quarter. Franklin Resources Inc. owned about 0.23% of Amdocs worth $21,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DOX. Axxcess Wealth Management LLC boosted its holdings in Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock worth $207,000 after acquiring an additional 124 shares in the last quarter. Principal Securities Inc. boosted its stake in Amdocs by 10.4% in the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after purchasing an additional 126 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Amdocs by 45.6% in the 4th 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. CIBC Asset Management Inc grew its position in Amdocs by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock worth $308,000 after purchasing an additional 180 shares during the last quarter. Finally, KFG Wealth Management LLC increased its stake in Amdocs by 8.2% during the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock valued at $213,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.
Amdocs Stock Performance
DOX traded up $0.97 during trading on Friday, reaching $83.18. 739,768 shares of the company's stock were exchanged, compared to its average volume of 701,099. The company's fifty day simple moving average is $87.67 and its 200-day simple moving average is $87.26. The stock has a market capitalization of $9.39 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. 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 issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.527 per share. This is a boost from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is currently 48.72%.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $101.20.
Check Out Our Latest Stock Report on Amdocs
About Amdocs
(
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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