Amdocs Limited (NASDAQ:DOX) Stock Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,937,586 shares of the technology company's stock after selling 15,779 shares during the period. Dimensional Fund Advisors LP owned approximately 1.72% of Amdocs worth $164,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOX. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs in the fourth quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs in the fourth quarter worth about $41,000. Global Retirement Partners LLC lifted its holdings in Amdocs by 45.6% in 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 last quarter. Private Trust Co. NA boosted its position in shares of 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Amdocs by 199.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after purchasing an additional 457 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Trading Up 1.1 %

DOX traded up $0.98 during trading on Tuesday, reaching $87.76. The company had a trading volume of 106,545 shares, compared to its average volume of 703,936. The firm's 50-day simple moving average is $87.01 and its 200 day simple moving average is $87.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 31st were issued a $0.527 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is presently 48.72%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Amdocs presently has a consensus rating of "Moderate Buy" and an average target price of $101.20.

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.