Geode Capital Management LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,672,193 shares of the technology company's stock after buying an additional 38,460 shares during the period. Geode Capital Management LLC owned approximately 1.48% of Amdocs worth $143,262,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in shares of Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC boosted its holdings 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 acquiring an additional 175 shares during the period. Private Trust Co. NA grew its position in Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Amdocs by 199.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after purchasing an additional 457 shares during the period. 92.02% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $101.20.
View Our Latest Report on Amdocs
Amdocs Stock Up 1.2 %
NASDAQ DOX traded up $0.97 on Friday, reaching $83.18. 739,768 shares of the stock traded hands, compared to its average volume of 701,099. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 19.30, 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. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34. The company has a fifty day moving average price of $87.67 and a 200-day moving average price of $87.26.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly 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 return on equity of 18.89% and a net margin of 10.19%. As a group, research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.
Amdocs Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.53%. Amdocs's payout ratio is currently 48.72%.
Amdocs Profile
(
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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