Amundi Purchases 2,540 Shares of Amdocs Limited (NASDAQ:DOX)

Amundi increased its position in Amdocs Limited (NASDAQ:DOX) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,962 shares of the technology company’s stock after purchasing an additional 2,540 shares during the period. Amundi’s holdings in Amdocs were worth $670,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after buying an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new stake in Amdocs during the third quarter worth $28,000. Jones Financial Companies Lllp bought a new stake in Amdocs during the fourth quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs during the fourth quarter worth $41,000. Finally, Global Retirement Partners LLC lifted its holdings in Amdocs by 45.6% during the fourth 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

Shares of NASDAQ DOX opened at $89.19 on Thursday. The stock has a fifty day simple moving average of $87.00 and a two-hundred day simple moving average of $87.14. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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 net margin of 10.19% and a return on equity of 18.89%. Analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm 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 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 2.36%. Amdocs’s payout ratio is presently 48.72%.

Analyst Ratings Changes

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 given a buy rating to the company’s stock. According to MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and a consensus 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.