Amdocs Limited (NASDAQ:DOX) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,039 shares of the technology company's stock after selling 14,632 shares during the quarter. Tidal Investments LLC owned 0.09% of Amdocs worth $8,432,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

Amdocs Stock Down 0.2%

DOX opened at $91.22 on Tuesday. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. 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 stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.47 and a beta of 0.51. The business has a 50 day moving average of $87.62 and a 200-day moving average of $87.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $1.56 earnings per share. The business's revenue was down 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

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

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.

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