Gotham Asset Management LLC Sells 26,529 Shares of Amdocs Limited (NASDAQ:DOX)

Gotham Asset Management LLC trimmed its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,920 shares of the technology company's stock after selling 26,529 shares during the quarter. Gotham Asset Management LLC owned approximately 0.12% of Amdocs worth $11,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC grew its stake in shares of Amdocs by 5.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock worth $207,000 after buying an additional 124 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Amdocs by 10.4% in the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after acquiring an additional 126 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% during the fourth 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. CIBC Asset Management Inc raised its position in shares of Amdocs by 5.2% in the 4th 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. Finally, KFG Wealth Management LLC boosted its stake in Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock worth $213,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

Shares of NASDAQ:DOX traded up $1.01 during trading on Thursday, hitting $90.68. 406,081 shares of the company's stock were exchanged, compared to its average volume of 688,575. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.47 and a beta of 0.51. The business's 50-day simple moving average is $87.48 and its 200 day simple moving average is $87.06.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 earnings per share. As a group, equities analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, June 30th. Amdocs's payout ratio is presently 44.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

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.