6,188 Shares in Amdocs Limited (NASDAQ:DOX) Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV bought a new position in shares of Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,188 shares of the technology company’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its position in Amdocs by 5.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company’s stock worth $207,000 after buying an additional 124 shares during the last quarter. Principal Securities Inc. raised its position in Amdocs by 10.4% during the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company’s stock worth $114,000 after buying an additional 126 shares during the last quarter. Global Retirement Partners LLC raised its position in Amdocs by 45.6% during the 4th 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 last quarter. CIBC Asset Management Inc raised its position in Amdocs by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company’s stock worth $308,000 after buying an additional 180 shares during the last quarter. Finally, KFG Wealth Management LLC raised its position in Amdocs by 8.2% during the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock worth $213,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Amdocs Stock Performance

NASDAQ:DOX opened at $91.41 on Monday. 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 50-day moving average price of $87.36 and a two-hundred day moving average price of $86.99. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The company has a market capitalization of $10.32 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last posted its 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 net margin of 10.19% and a return on equity of 18.89%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $1.56 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.31%. Amdocs’s dividend payout ratio (DPR) is currently 44.21%.

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.