Amdocs Limited (NASDAQ:DOX) Short Interest Down 18.3% in April

Amdocs Limited (NASDAQ:DOX - Get Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 3,740,000 shares, a decrease of 18.3% from the March 31st total of 4,580,000 shares. Approximately 3.4% of the company's stock are short sold. Based on an average daily volume of 764,600 shares, the short-interest ratio is presently 4.9 days.

Institutional Investors Weigh In On Amdocs

A number of institutional investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC increased its holdings in Amdocs by 5.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock valued at $207,000 after buying an additional 124 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Amdocs by 10.4% in the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock valued at $114,000 after acquiring an additional 126 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Amdocs by 17.5% during the 1st quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company's stock valued at $90,000 after acquiring an additional 147 shares in the last quarter. Global Retirement Partners LLC raised 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 in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Amdocs by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock worth $308,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Up 0.9 %

DOX stock traded up $0.76 during trading on Friday, reaching $89.39. The stock had a trading volume of 404,371 shares, compared to its average volume of 700,905. The firm has a fifty day moving average price of $87.01 and a 200 day moving average price of $86.97. 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 capitalization of $10.09 billion, a P/E ratio of 20.74, a PEG ratio of 1.47 and a beta of 0.59. Amdocs has a 1-year low of $74.41 and a 1-year high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities analysts anticipate that Amdocs will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 31st were issued a dividend of $0.527 per share. This is a positive change from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 31st. Amdocs's dividend payout ratio (DPR) is currently 48.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note 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 company currently has an average rating of "Moderate Buy" and an average price target of $101.20.

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.