Grantham Mayo Van Otterloo & Co. LLC Acquires 4,730 Shares of Amdocs Limited (NASDAQ:DOX)

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Amdocs Limited (NASDAQ:DOX) by 49.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,276 shares of the technology company’s stock after buying an additional 4,730 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Amdocs were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in shares of Amdocs by 8.3% in the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after buying an additional 127,426 shares in the last quarter. Pacer Advisors Inc. raised its position in Amdocs by 7.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after purchasing an additional 125,654 shares in the last quarter. Dudley & Shanley Inc. lifted its stake in Amdocs by 7.6% during the third quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock worth $22,905,000 after purchasing an additional 18,600 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amdocs in the 4th quarter valued at $1,376,000. Finally, Principal Financial Group Inc. increased its stake in shares of Amdocs by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company’s stock valued at $90,355,000 after purchasing an additional 63,718 shares during the last quarter. Institutional investors and hedge funds 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Stock Down 1.9 %

Shares of DOX opened at $82.08 on Tuesday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a fifty day moving average of $88.19 and a 200-day moving average of $87.42.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS 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%. As a group, sell-side analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 2.57%. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

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.