Barclays PLC Lowers Position in Amdocs Limited (NASDAQ:DOX)

Barclays PLC trimmed its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,699 shares of the technology company's stock after selling 78,677 shares during the quarter. Barclays PLC owned approximately 0.19% of Amdocs worth $18,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of Amdocs by 8.3% in the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company's stock valued at $141,112,000 after buying an additional 127,426 shares during the period. Pacer Advisors Inc. raised its holdings in Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock worth $154,587,000 after purchasing an additional 125,654 shares during the last quarter. Dudley & Shanley Inc. boosted its stake in shares of Amdocs by 7.6% in the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company's stock valued at $22,905,000 after purchasing an additional 18,600 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amdocs during the fourth quarter worth $1,376,000. Finally, Principal Financial Group Inc. lifted its holdings in Amdocs by 6.6% in the third quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company's stock valued at $90,355,000 after buying an additional 63,718 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Up 0.5 %

Shares of DOX stock traded up $0.45 on Friday, reaching $86.27. 156,823 shares of the company were exchanged, compared to its average volume of 704,181. 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 50-day moving average of $87.14 and a 200-day moving average of $87.03. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.47 and a beta of 0.59. Amdocs Limited has a one year low of $74.41 and a one year high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a boost from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is currently 48.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Amdocs presently 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.