Amdocs Limited (NASDAQ:DOX) Holdings Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 433,729 shares of the technology company's stock after selling 8,106 shares during the quarter. Nuveen Asset Management LLC owned 0.38% of Amdocs worth $36,928,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Amdocs in the fourth quarter worth $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs during the fourth quarter worth about $41,000. Global Retirement Partners LLC boosted its stake in Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after acquiring an additional 175 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Amdocs by 55.0% during the fourth 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 last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Amdocs by 121.5% during the fourth 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 last quarter. 92.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Amdocs Stock Performance

NASDAQ:DOX traded down $0.26 during mid-day trading on Monday, hitting $91.36. The stock had a trading volume of 690,093 shares, compared to its average volume of 685,860. 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 50 day simple moving average of $87.87 and a 200-day simple moving average of $87.14. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.61.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Amdocs's revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 earnings per share. On average, research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs's dividend payout ratio is currently 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.