Integrated Quantitative Investments LLC Makes New Investment in Amdocs Limited (NASDAQ:DOX)

Integrated Quantitative Investments LLC acquired a new position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,200 shares of the technology company's stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Amdocs by 8.3% during the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company's stock worth $141,112,000 after purchasing an additional 127,426 shares during the period. Pacer Advisors Inc. boosted its position in Amdocs by 7.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after buying an additional 125,654 shares in the last quarter. Dudley & Shanley Inc. boosted its position in Amdocs by 7.6% during the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company's stock worth $22,905,000 after buying an additional 18,600 shares during the period. Range Financial Group LLC acquired a new position in Amdocs during the 4th quarter worth about $1,376,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Amdocs by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company's stock valued at $18,120,000 after acquiring an additional 11,179 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Performance

DOX traded down $2.76 during midday trading on Thursday, reaching $82.56. The company had a trading volume of 386,166 shares, compared to its average volume of 697,233. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The business has a 50-day moving average price of $87.85 and a two-hundred day moving average price of $87.31. The stock has a market cap of $9.32 billion, a PE ratio of 19.16, a P/E/G 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.

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Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 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%. On average, sell-side analysts expect 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. Investors of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.55%. Amdocs's dividend payout ratio is 48.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.