Farther Finance Advisors LLC Increases Stake in Amdocs Limited (NASDAQ:DOX)

Farther Finance Advisors LLC boosted its stake in Amdocs Limited (NASDAQ:DOX) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 988 shares of the technology company’s stock after purchasing an additional 147 shares during the period. Farther Finance Advisors LLC’s holdings in Amdocs were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DOX. SBI Securities Co. Ltd. purchased a new position in shares of Amdocs during the fourth quarter valued at approximately $41,000. HighTower Advisors LLC increased its stake in shares of Amdocs by 20.0% during the fourth quarter. HighTower Advisors LLC now owns 15,374 shares of the technology company’s stock valued at $1,309,000 after buying an additional 2,561 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after buying an additional 208 shares during the period. Vanguard Group Inc. increased its stake 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 buying an additional 426,035 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Amdocs by 25.4% during the fourth quarter. LPL Financial LLC now owns 123,015 shares of the technology company’s stock valued at $10,473,000 after buying an additional 24,947 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 1.2%

NASDAQ DOX opened at $91.23 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Amdocs Limited has a twelve month low of $77.17 and a twelve month high of $94.61. The firm has a market capitalization of $10.30 billion, a PE ratio of 19.21, a P/E/G ratio of 1.51 and a beta of 0.52. The stock’s 50 day moving average is $89.85 and its 200 day moving average is $87.85.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.31%. Amdocs’s dividend payout ratio is presently 44.42%.

Analyst Upgrades and Downgrades

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.