CANADA LIFE ASSURANCE Co Has $3.67 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,077 shares of the technology company’s stock after selling 822 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Amdocs were worth $3,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DOX. Jones Financial Companies Lllp acquired a new position in Amdocs during the fourth quarter worth $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Amdocs during the 4th quarter valued at about $41,000. Global Retirement Partners LLC raised its stake in shares of Amdocs by 45.6% in 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 in the last quarter. Private Trust Co. NA lifted its holdings in Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock worth $57,000 after purchasing an additional 368 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock worth $59,000 after purchasing an additional 457 shares during the period. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

DOX opened at $86.01 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $87.07 and its two-hundred day moving average price is $87.02. The firm has a market capitalization of $9.71 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, equities analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were paid a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) is presently 48.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Company 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.