Amdocs Limited (NASDAQ:DOX) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 83.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,307 shares of the technology company's stock after selling 35,633 shares during the period. Hsbc Holdings PLC's holdings in Amdocs were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Axxcess Wealth Management LLC grew its stake in shares of Amdocs by 5.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock worth $207,000 after purchasing an additional 124 shares during the period. Principal Securities Inc. boosted its position in Amdocs by 10.4% during the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock worth $114,000 after purchasing an additional 126 shares in the last quarter. Global Retirement Partners LLC raised its stake 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 period. CIBC Asset Management Inc grew its stake in Amdocs by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock valued at $308,000 after acquiring an additional 180 shares during the period. Finally, KFG Wealth Management LLC raised its position in Amdocs by 8.2% during the fourth quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock worth $213,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $101.20.

Amdocs Trading Down 1.2 %

Shares of Amdocs stock traded down $1.14 during trading hours on Friday, hitting $91.41. The company's stock had a trading volume of 599,169 shares, compared to its average volume of 703,809. The business has a fifty day moving average of $87.26 and a 200 day moving average of $87.02. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.80. The company has a market capitalization of $10.32 billion, a PE ratio of 21.21, 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 (EPS) 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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $1.56 EPS. Amdocs's revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given 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 currently 48.72%.

Amdocs Company 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.