Amdocs Limited (NASDAQ:DOX) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 84.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,009 shares of the technology company's stock after selling 65,313 shares during the period. Millennium Management LLC's holdings in Amdocs were worth $1,022,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in Amdocs during the fourth quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the fourth quarter worth approximately $41,000. Global Retirement Partners LLC lifted its position in shares of 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 boosted its holdings in shares of Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after buying an additional 208 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after buying an additional 368 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a report on Saturday.

Amdocs Stock Performance

Shares of DOX stock traded up $1.30 during mid-day trading on Friday, hitting $92.28. The stock had a trading volume of 658,574 shares, compared to its average volume of 671,449. The firm has a market cap of $10.42 billion, a PE ratio of 21.41, a PEG ratio of 1.47 and a beta of 0.52. The company's 50-day simple moving average is $88.14 and its 200-day simple moving average is $87.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.61.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company earned $1.56 EPS. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be given a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's payout ratio is 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.