Amdocs Limited (NASDAQ:DOX) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Amdocs Limited (NASDAQ:DOX) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,514 shares of the technology company’s stock after acquiring an additional 10,399 shares during the period. Handelsbanken Fonder AB’s holdings in Amdocs were worth $5,537,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in Amdocs by 4.3% in the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock valued at $564,866,000 after acquiring an additional 270,810 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amdocs by 16.1% during the fourth 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 period. Wellington Management Group LLP boosted its holdings in shares of Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after acquiring an additional 543,490 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Amdocs by 86.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company’s stock valued at $143,127,000 after buying an additional 781,061 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Amdocs by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,672,193 shares of the technology company’s stock worth $143,262,000 after buying an additional 38,460 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $94.08 on Friday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.61. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.47 and a beta of 0.52. The business’s 50-day moving average price is $88.47 and its 200-day moving average price is $87.59.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The business’s revenue was down 9.4% on a year-over-year basis. Equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 44.21%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th.

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.