Mirabella Financial Services LLP Sells 7,151 Shares of Amdocs Limited (NASDAQ:DOX)

Mirabella Financial Services LLP reduced its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,151 shares of the technology company's stock after selling 7,151 shares during the period. Mirabella Financial Services LLP's holdings in Amdocs were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Amdocs in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the 4th quarter valued at $41,000. Global Retirement Partners LLC raised its stake in 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. Private Trust Co. NA lifted its holdings in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after acquiring an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Amdocs by 199.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after purchasing an additional 457 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.20.

Amdocs Price Performance

NASDAQ DOX traded up $0.19 on Friday, hitting $86.01. 478,566 shares of the company were exchanged, compared to its average volume of 705,945. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The firm has a 50 day moving average of $87.07 and a two-hundred day moving average of $87.02. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market cap of $9.71 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.47 and a beta of 0.59.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 31st were paid a dividend of $0.527 per share. 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 positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is 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.