Integrated Quantitative Investments LLC Buys New Holdings in Amdocs Limited (NASDAQ:DOX)

Integrated Quantitative Investments LLC purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,200 shares of the technology company’s stock, valued at approximately $358,000.

A number of other large investors have also bought and sold shares of DOX. Nordea Investment Management AB grew its holdings in shares of Amdocs by 8.3% in the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock worth $141,112,000 after purchasing an additional 127,426 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after acquiring an additional 125,654 shares during the last quarter. Dudley & Shanley Inc. increased its position in shares of Amdocs by 7.6% in the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock valued at $22,905,000 after acquiring an additional 18,600 shares during the period. Range Financial Group LLC bought a new position in shares of Amdocs during the fourth quarter valued at about $1,376,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amdocs by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company’s stock worth $18,120,000 after purchasing an additional 11,179 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $83.70 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The company’s 50-day moving average is $88.29 and its 200 day moving average is $87.44. The stock has a market capitalization of $9.45 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (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%. On average, sell-side analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 48.72%.

Analyst Ratings Changes

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

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.