Fmr LLC Sells 18,438 Shares of Amdocs Limited (NASDAQ:DOX)

FMR LLC cut its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,874,528 shares of the technology company's stock after selling 18,438 shares during the period. FMR LLC owned approximately 14.95% of Amdocs worth $1,436,697,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DOX. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the 4th quarter worth $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the fourth quarter worth about $41,000. Global Retirement Partners LLC increased its holdings in 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 buying an additional 175 shares during the period. Private Trust Co. NA raised its position in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after buying an additional 368 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Amdocs by 199.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after acquiring an additional 457 shares during the period. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

Amdocs stock traded up $0.97 during mid-day trading on Friday, reaching $83.18. The company had a trading volume of 739,768 shares, compared to its average volume of 701,099. The business has a fifty day simple moving average of $87.67 and a 200 day simple moving average of $87.26. The company has a market cap of $9.39 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.59. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. On average, equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.527 per share. The ex-dividend date is Monday, March 31st. This is an increase from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.53%. Amdocs's dividend payout ratio (DPR) is currently 48.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Amdocs has a consensus 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.