Schroder Investment Management Group Purchases 134,459 Shares of Amdocs Limited (NASDAQ:DOX)

Schroder Investment Management Group increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and 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 about 0.78% of Amdocs worth $74,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Amdocs in the 4th quarter valued at $44,494,000. Vanguard Group Inc. boosted its stake in Amdocs by 16.1% in 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 in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Amdocs by 123.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock valued at $66,409,000 after acquiring an additional 419,045 shares during the last quarter. Pzena Investment Management LLC raised its stake in Amdocs by 4.3% during the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after acquiring an additional 270,810 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Amdocs by 1,207.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock worth $23,768,000 after acquiring an additional 250,918 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Stock Performance

Shares of DOX stock opened at $91.50 on Tuesday. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 21.23, a PEG 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. The business’s 50-day moving average price is $88.02 and its 200-day moving average price is $87.40. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34.

Amdocs (NASDAQ:DOX) last posted its 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%. Equities research analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company 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 dividend of $0.527 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 2.30%. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Amdocs presently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

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.