Bridgewater Associates LP Sells 7,253 Shares of Amdocs Limited (NASDAQ:DOX)

Bridgewater Associates LP trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 241,491 shares of the technology company's stock after selling 7,253 shares during the period. Bridgewater Associates LP owned 0.21% of Amdocs worth $20,561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC lifted its holdings in shares of Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares during the last quarter. Private Trust Co. NA boosted its position in Amdocs by 121.5% during the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after purchasing an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in 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 buying an additional 457 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $101.20.

Amdocs Stock Down 1.4 %

Shares of DOX stock traded down $1.14 on Monday, hitting $82.04. The company's stock had a trading volume of 98,760 shares, compared to its average volume of 701,041. 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 stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 19.03, 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 firm's fifty day moving average price is $87.40 and its 200-day moving average price is $87.12.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS 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%. Research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business 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 represents a $2.11 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's payout ratio is 48.72%.

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.