Raiffeisen Bank International AG Takes $307,000 Position in Amdocs Limited (NASDAQ:DOX)

Raiffeisen Bank International AG bought a new position in Amdocs Limited (NASDAQ:DOX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,596 shares of the technology company’s stock, valued at approximately $307,000.

A number of other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp purchased a new stake in Amdocs during the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs in the fourth quarter worth about $41,000. Global Retirement Partners LLC lifted its position in shares of Amdocs by 45.6% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 last quarter. Finally, Private Trust Co. NA increased its stake in Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

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

Amdocs Stock Performance

Shares of Amdocs stock opened at $91.38 on Friday. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The company has a market capitalization of $10.32 billion, a PE ratio of 21.20, a P/E/G ratio of 1.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The company has a 50-day simple moving average of $87.54 and a two-hundred day simple moving average of $87.09.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping 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 business 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 earned $1.56 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. Research analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

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 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 44.21%.

About Amdocs

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.