1 week Ago By Defense World Staff
JPMorgan Chase & Co. lowered its stake in shares of Amdocs Limited ( NASDAQ:DOX – Free Report ) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 292,755 shares of the technology company’s stock after selling 14,240 shares during the period. JPMorgan Chase & Co. owned approximately 0.
26% of Amdocs worth $24,925,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the fourth quarter worth $36,000.
SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the fourth quarter valued at $41,000.
Global Retirement Partners LLC boosted its position in 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 acquiring an additional 175 shares during the last quarter.
Private Trust Co. NA lifted its position in 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. Finally, Smartleaf Asset Management LLC grew its holdings in Amdocs by 199.
6% in the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock valued at $59,000 after purchasing an additional 457 shares during the period. Hedge funds and other institutional investors 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 note on Friday, February 28th.
One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.
20. Amdocs Stock Performance Amdocs stock opened at $85.32 on Thursday.
The stock has a market cap of $9.63 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.
47 and a beta of 0.59. The stock has a 50 day moving average of $87.
85 and a 200-day moving average of $87.31. The company has a current ratio of 1.
16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.
Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.
Amdocs ( NASDAQ:DOX – Get Free Report ) last released its 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 net margin of 10.
19% and a return on equity of 18.89%. On average, analysts expect that Amdocs Limited will post 6.
21 EPS for the current fiscal year. Amdocs Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be given a dividend of $0.
527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.
47%. This is a boost from Amdocs’s previous quarterly dividend of $0.48.
The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio is presently 48.72%.
Amdocs Profile ( Free Report ) 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.
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