Teachers Retirement System of The State of Kentucky Has $22.26 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Teachers Retirement System of The State of Kentucky increased its position in Amdocs Limited (NASDAQ:DOX) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,410 shares of the technology company’s stock after purchasing an additional 17,460 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Amdocs were worth $22,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOX. Wellington Management Group LLP grew its holdings in shares of Amdocs by 25.4% during the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock valued at $228,211,000 after buying an additional 543,490 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amdocs in the fourth quarter worth approximately $44,494,000. Vanguard Group Inc. boosted its position 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 last quarter. Pzena Investment Management LLC raised its position in Amdocs by 4.3% in the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock valued at $564,866,000 after buying an additional 270,810 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Amdocs by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 979,861 shares of the technology company’s stock worth $83,426,000 after acquiring an additional 242,093 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Amdocs Stock Down 0.1 %

Amdocs stock opened at $83.18 on Monday. 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 capitalization of $9.39 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.59. The firm has a 50 day moving average price of $87.40 and a 200-day moving average price of $87.12. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. As a group, equities analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a $0.527 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.53%. Amdocs’s dividend payout ratio (DPR) is 48.72%.

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.