Amdocs Limited (NASDAQ:DOX) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 91.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,679 shares of the technology company's stock after selling 1,332,960 shares during the period. Ameriprise Financial Inc. owned about 0.11% of Amdocs worth $10,691,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DOX. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs during the 4th quarter worth $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the fourth quarter valued at $41,000. Global Retirement Partners LLC lifted its holdings in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after buying an additional 175 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 208 shares during the last quarter. Finally, 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 worth $57,000 after acquiring an additional 368 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Amdocs Trading Down 0.2%

Shares of Amdocs stock opened at $91.22 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $87.62 and a 200-day simple moving average of $87.11. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.61.

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

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be issued 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 payout ratio is currently 44.21%.

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.

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