Farther Finance Advisors LLC Buys 147 Shares of Amdocs Limited (NASDAQ:DOX)

Farther Finance Advisors LLC grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 988 shares of the technology company’s stock after acquiring an additional 147 shares during the quarter. Farther Finance Advisors LLC’s holdings in Amdocs were worth $90,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock valued at $31,000 after acquiring an additional 268 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Amdocs during the 1st quarter valued at about $31,000. Jones Financial Companies Lllp bought a new stake in shares of Amdocs during the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter valued at about $41,000. Finally, Global Retirement Partners LLC boosted its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

NASDAQ:DOX opened at $91.23 on Friday. The business has a 50 day moving average of $89.85 and a 200 day moving average of $87.85. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.51 and a beta of 0.52. Amdocs Limited has a 1-year low of $77.17 and a 1-year high of $94.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. Amdocs’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. On average, sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.31%. Amdocs’s dividend payout ratio (DPR) is currently 44.42%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

Amdocs 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.