Voloridge Investment Management LLC Cuts Stock Position in Amdocs Limited (NASDAQ:DOX)

Voloridge Investment Management LLC lowered its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,240 shares of the technology company's stock after selling 29,899 shares during the period. Voloridge Investment Management LLC owned approximately 0.34% of Amdocs worth $32,714,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DOX. Jones Financial Companies Lllp purchased a new position in Amdocs during the 4th quarter valued at about $36,000. SBI Securities Co. Ltd. purchased a new position in Amdocs during the 4th quarter valued at about $41,000. Global Retirement Partners LLC increased 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 valued at $48,000 after purchasing an additional 175 shares during the period. Tower Research Capital LLC TRC increased 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 valued at $50,000 after purchasing an additional 208 shares during the period. Finally, Private Trust Co. NA increased its holdings 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. Hedge funds and other institutional investors own 92.02% of the company's stock.

Analyst Upgrades and Downgrades

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

Amdocs Trading Down 0.3%

NASDAQ:DOX traded down $0.26 during mid-day trading on Friday, reaching $91.36. 690,093 shares of the company's stock traded hands, compared to its average volume of 685,860. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $94.61. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company has a 50 day moving average price of $87.87 and a 200-day moving average price of $87.20.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping 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 firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $1.56 EPS. The business's revenue for the quarter was down 9.4% on a year-over-year basis. On average, sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The business 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 dividend of $0.527 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.31%. Amdocs's dividend payout ratio is presently 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.