Amdocs Limited (NASDAQ:DOX) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 392,381 shares of the technology company's stock after selling 83,463 shares during the period. Deutsche Bank AG owned approximately 0.35% of Amdocs worth $33,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in Amdocs during the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs during the fourth quarter worth approximately $41,000. Global Retirement Partners LLC lifted its position in shares of Amdocs by 45.6% during the 4th 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 during the period. Tower Research Capital LLC TRC grew its position in Amdocs by 55.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock worth $50,000 after acquiring an additional 208 shares during the last quarter. Finally, Private Trust Co. NA increased 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. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Amdocs Trading Down 0.1%

Amdocs stock traded down $0.05 during midday trading on Monday, reaching $91.33. The stock had a trading volume of 40,858 shares, compared to its average volume of 683,437. The company has a fifty day moving average of $87.54 and a 200 day moving average of $87.08. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. The company 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 firm's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 earnings per share. On average, analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

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

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.