Royal Bank of Canada trimmed its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,162 shares of the technology company's stock after selling 3,462 shares during the period. Royal Bank of Canada owned approximately 0.33% of Amdocs worth $31,941,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Amdocs by 6.3% in the third quarter. Barclays PLC now owns 290,376 shares of the technology company's stock valued at $25,402,000 after acquiring an additional 17,097 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Amdocs by 7.4% during the fourth quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company's stock worth $327,000 after purchasing an additional 264 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Amdocs during the fourth quarter worth about $350,000. Mutual Advisors LLC grew its holdings in shares of Amdocs by 15.2% during the fourth quarter. Mutual Advisors LLC now owns 3,768 shares of the technology company's stock worth $319,000 after purchasing an additional 496 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in Amdocs during the 4th quarter valued at approximately $214,000. 92.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.
Check Out Our Latest Research Report on Amdocs
Amdocs Stock Performance
Shares of DOX stock opened at $91.62 on Friday. The stock has a fifty day moving average price of $87.83 and a 200 day moving average price of $87.19. The stock has a market cap of $10.34 billion, a PE ratio of 21.26, a P/E/G ratio of 1.47 and a beta of 0.51. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16.
Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly 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 company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. Sell-side analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.
Amdocs Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a $0.527 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.30%. Amdocs's payout ratio is currently 44.21%.
Amdocs Company Profile
(
Free Report)
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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