Amdocs Limited (NASDAQ:DOX) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 73.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,157 shares of the technology company's stock after selling 222,407 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.07% of Amdocs worth $6,910,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Alyeska Investment Group L.P. raised its stake in shares of Amdocs by 86.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock valued at $143,127,000 after acquiring an additional 781,061 shares during the last quarter. Wellington Management Group LLP grew its position in Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock worth $228,211,000 after purchasing an additional 543,490 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Amdocs during the 4th quarter worth $44,494,000. Vanguard Group Inc. lifted its position in shares of Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after acquiring an additional 426,035 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Amdocs by 2,489.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company's stock worth $32,045,000 after buying an additional 361,845 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Amdocs Trading Down 0.2%

Shares of DOX stock traded down $0.16 during trading on Monday, hitting $91.22. 331,591 shares of the stock traded hands, compared to its average volume of 684,579. 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 firm's fifty day moving average price is $87.54 and its 200-day moving average price is $87.08. The firm has a market capitalization of $10.30 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

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

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given a $0.527 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.31%. Amdocs's dividend payout ratio is presently 44.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.

Amdocs 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.