Teachers Retirement System of The State of Kentucky Trims Stock Position in Amdocs Limited $DOX

Key Points

• Teachers Retirement System of Kentucky trimmed its Amdocs stake by 25.2% in Q4, selling 77,000 shares and now holds 228,410 shares (~0.21%) valued at about $18.39 million.
• Amdocs beat Q4 estimates with $1.81 EPS vs. $1.75 expected and $1.16B revenue (up 4.1% YOY), and provided Q2 2026 guidance of $1.73–1.79 EPS and FY2026 guidance of $7.27–7.55 EPS.
• Dividend and analyst view: Amdocs raised its quarterly dividend to $0.569 (annualized $2.28) for a 3.5% yield, and the consensus rating is a "Moderate Buy" with a $92.33 target.

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,410 shares of the technology company's stock after selling 77,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.21% of Amdocs worth $18,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Amundi increased its stake in Amdocs by 73.0% in the 1st quarter. Amundi now owns 13,778 shares of the technology company's stock valued at $1,217,000 after buying an additional 5,816 shares during the period. Millennium Management LLC lifted its stake in shares of Amdocs by 458.3% in the 1st quarter. Millennium Management LLC now owns 67,047 shares of the technology company's stock worth $6,135,000 after acquiring an additional 55,038 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Amdocs by 12.6% in the first quarter. Goldman Sachs Group Inc. now owns 331,146 shares of the technology company's stock valued at $30,300,000 after acquiring an additional 37,087 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Amdocs by 12.0% during the first quarter. Empowered Funds LLC now owns 15,979 shares of the technology company's stock worth $1,462,000 after acquiring an additional 1,709 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Amdocs by 195.4% during the first quarter. Jane Street Group LLC now owns 115,929 shares of the technology company's stock worth $10,608,000 after acquiring an additional 76,683 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $65.31 on Monday. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46. Amdocs Limited has a 52 week low of $62.75 and a 52 week high of $95.41. The firm has a 50-day moving average price of $66.67 and a 200 day moving average price of $75.27. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Amdocs had a net margin of 12.47% and a return on equity of 20.19%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $1.66 earnings per share. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. Amdocs has set its Q2 2026 guidance at 1.730-1.790 EPS and its FY 2026 guidance at 7.270-7.550 EPS. Equities research analysts anticipate that Amdocs Limited will post 6.64 EPS for the current fiscal year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Tuesday, March 31st were paid a $0.569 dividend. This represents a $2.28 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Amdocs's previous quarterly dividend of $0.53. Amdocs's dividend payout ratio (DPR) is 44.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOX. Wall Street Zen upgraded shares of Amdocs from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. Stifel Nicolaus dropped their target price on Amdocs from $97.00 to $88.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Barclays reduced their price target on Amdocs from $111.00 to $92.00 and set an "overweight" rating for the company in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Amdocs in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.33.

Amdocs Company Profile

Amdocs NASDAQ: DOX is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs' product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra'anana, Israel.

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