Cetera Investment Advisers Raises Holdings in Amdocs Limited (NASDAQ:DOX)

Cetera Investment Advisers grew its position in shares of Amdocs Limited (NASDAQ:DOX) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,568 shares of the technology company’s stock after purchasing an additional 2,961 shares during the quarter. Cetera Investment Advisers’ holdings in Amdocs were worth $4,476,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the fourth quarter worth about $41,000. Global Retirement Partners LLC boosted its stake in shares of 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 buying an additional 175 shares during the period. Tower Research Capital LLC TRC boosted 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 worth $50,000 after buying an additional 208 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock worth $57,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $89.67 on Thursday. 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 market cap of $10.12 billion, a P/E ratio of 20.81, a PEG ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.61. The company has a 50-day moving average price of $87.48 and a 200 day moving average price of $87.06.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The firm’s revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. Research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.35%. Amdocs’s payout ratio is 44.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

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.