USS Investment Management Ltd Sells 11,301 Shares of Amdocs Limited (NASDAQ:DOX)

USS Investment Management Ltd lessened its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,345 shares of the technology company's stock after selling 11,301 shares during the quarter. USS Investment Management Ltd's holdings in Amdocs were worth $1,903,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the 4th quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the 4th quarter valued at $41,000. Global Retirement Partners LLC boosted its holdings 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 valued at $48,000 after acquiring an additional 175 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of 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 acquiring an additional 208 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of 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 acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Trading Up 0.1%

DOX traded up $0.10 during midday trading on Thursday, hitting $91.41. 124,904 shares of the company were exchanged, compared to its average volume of 682,698. The firm's 50 day moving average price is $88.06 and its 200-day moving average price is $87.20. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.32 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.47 and a beta of 0.51.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $1.56 EPS. The business's quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.31%. Amdocs's payout ratio is presently 44.21%.

Wall Street Analyst Weigh In

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

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.