Schroder Investment Management Group lifted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,881 shares of the technology company's stock after acquiring an additional 134,459 shares during the period. Schroder Investment Management Group owned approximately 0.78% of Amdocs worth $74,454,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Amdocs by 30.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 827,317 shares of the technology company's stock worth $70,438,000 after purchasing an additional 191,013 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Amdocs by 9.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 50,519 shares of the technology company's stock worth $4,301,000 after buying an additional 4,506 shares in the last quarter. Norges Bank purchased a new position in Amdocs in the 4th quarter worth about $824,000. Signature Estate & Investment Advisors LLC lifted its stake in Amdocs by 5.2% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 24,623 shares of the technology company's stock valued at $2,096,000 after acquiring an additional 1,212 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Amdocs by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after acquiring an additional 426,035 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
Amdocs Stock Performance
Shares of Amdocs stock traded down $4.63 during trading hours on Friday, reaching $83.70. 805,986 shares of the stock traded hands, compared to its average volume of 690,661. Amdocs Limited has a one year low of $74.41 and a one year high of $93.34. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.68. 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 50 day moving average price of $88.29 and a 200 day moving average price of $87.45.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Increases Dividend
The business also recently announced 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. 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 annualized dividend and a yield of 2.52%. Amdocs's 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.20.
View Our Latest Analysis on DOX
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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