Northwest & Ethical Investments L.P. Has $16.18 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Northwest & Ethical Investments L.P. increased its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,050 shares of the technology company's stock after acquiring an additional 14,015 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.17% of Amdocs worth $16,181,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock valued at $27,000 after purchasing an additional 117 shares during the period. Brooklyn Investment Group bought a new position in Amdocs in the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp acquired a new stake in Amdocs in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs during the 4th quarter valued at $41,000. Finally, Global Retirement Partners LLC boosted its position in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after acquiring an additional 175 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Price Performance

NASDAQ DOX traded up $1.51 on Monday, reaching $89.78. 645,971 shares of the stock traded hands, compared to its average volume of 657,289. 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 company has a market cap of $10.14 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 1.47 and a beta of 0.68. The firm's fifty day simple moving average is $87.33 and its 200 day simple moving average is $87.19. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34.

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Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings results 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%. As a group, research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared 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 represents a $2.11 annualized dividend and a dividend yield of 2.35%. This is a boost from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is currently 48.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.