OMERS ADMINISTRATION Corp Sells 9,500 Shares of Amdocs Limited (NASDAQ:DOX)

OMERS ADMINISTRATION Corp lessened its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 38.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the technology company's stock after selling 9,500 shares during the period. OMERS ADMINISTRATION Corp's holdings in Amdocs were worth $1,277,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of Amdocs by 4.3% during the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock worth $564,866,000 after purchasing an additional 270,810 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Amdocs by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company's stock valued at $274,681,000 after purchasing an additional 87,801 shares during the period. Vanguard Group Inc. increased its position in Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after buying an additional 426,035 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Amdocs by 25.4% in the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after buying an additional 543,490 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after buying an additional 125,654 shares during the last quarter. Institutional investors own 92.02% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

Amdocs Stock Performance

Shares of DOX stock traded down $0.09 during trading on Thursday, reaching $91.63. 214,036 shares of the company's stock traded hands, compared to its average volume of 682,395. The firm's 50-day moving average is $87.78 and its 200 day moving average is $87.17. The company has a market capitalization of $10.34 billion, a P/E ratio of 21.27, a PEG ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. 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 posted its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (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 return on equity of 18.89% and a net margin of 10.19%. The business's quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share. Equities research analysts expect 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. Shareholders of record on Monday, June 30th will be issued a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, June 30th. Amdocs's payout ratio is 44.21%.

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.