Brandes Investment Partners LP Has $194.09 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Brandes Investment Partners LP reduced its stake in Amdocs Limited (NASDAQ:DOX) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,279,645 shares of the technology company’s stock after selling 60,793 shares during the period. Amdocs accounts for 2.2% of Brandes Investment Partners LP’s holdings, making the stock its 8th biggest holding. Brandes Investment Partners LP owned 2.02% of Amdocs worth $194,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOX. Private Trust Co. NA increased its position in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after acquiring an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Amdocs during the third quarter worth about $28,000. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the fourth quarter worth about $41,000. Finally, Global Retirement Partners LLC increased its position in shares of 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 in the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Stock Up 1.6 %

Amdocs stock opened at $87.99 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. The stock has a market cap of $9.93 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The firm’s 50-day simple moving average is $86.71 and its 200 day simple moving average is $87.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.40%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s payout ratio is presently 48.72%.

Wall Street Analyst Weigh In

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