Amdocs Limited (NASDAQ:DOX) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,700 shares of the technology company's stock after selling 59,500 shares during the quarter. Two Sigma Advisers LP owned about 0.16% of Amdocs worth $15,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DOX. Alyeska Investment Group L.P. boosted its holdings 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 during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Amdocs by 25.4% in the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock valued at $228,211,000 after purchasing an additional 543,490 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amdocs in the 4th quarter valued at $44,494,000. Vanguard Group Inc. boosted its holdings in shares of Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after purchasing an additional 426,035 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Amdocs by 2,489.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company's stock valued at $32,045,000 after purchasing an additional 361,845 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Trading Down 0.3%

Shares of DOX stock traded down $0.26 during mid-day trading on Friday, reaching $91.36. The company's stock had a trading volume of 690,093 shares, compared to its average volume of 685,860. The company's 50 day simple moving average is $87.87 and its 200-day simple moving average is $87.17. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.61. 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 capitalization of $10.31 billion, a PE ratio of 21.20, 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, beating 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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $1.56 EPS. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. On average, research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

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.