MJP Associates Inc. ADV Purchases Shares of 6,188 Amdocs Limited (NASDAQ:DOX)

MJP Associates Inc. ADV bought a new position in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,188 shares of the technology company’s stock, valued at approximately $527,000.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Amdocs in the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs in the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC lifted its stake in Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after purchasing an additional 175 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Amdocs by 55.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after purchasing an additional 208 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

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

Amdocs Trading Down 1.2%

NASDAQ:DOX opened at $91.41 on Monday. The company has a market cap of $10.32 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The stock’s fifty day moving average price is $87.36 and its two-hundred day moving average price is $86.99. 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 (NASDAQ:DOX) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. As a group, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a $0.527 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.31%. 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.