Janus Henderson Group PLC Sells 32,774 Shares of Amdocs Limited (NASDAQ:DOX)

Janus Henderson Group PLC cut its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,593,101 shares of the technology company's stock after selling 32,774 shares during the period. Janus Henderson Group PLC owned about 5.84% of Amdocs worth $561,337,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Amdocs by 6.3% in the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company's stock worth $25,402,000 after purchasing an additional 17,097 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Amdocs by 71.6% in the third quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company's stock worth $13,580,000 after acquiring an additional 63,527 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Amdocs by 6.6% in the third quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company's stock worth $90,355,000 after acquiring an additional 63,718 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Amdocs by 11.1% in the fourth quarter. Fulton Bank N.A. now owns 4,482 shares of the technology company's stock worth $382,000 after acquiring an additional 449 shares in the last quarter. Finally, Steph & Co. grew its position in Amdocs by 14.4% during the fourth quarter. Steph & Co. now owns 6,649 shares of the technology company's stock valued at $566,000 after purchasing an additional 837 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

Amdocs stock traded up $0.70 on Friday, hitting $91.38. The company's stock had a trading volume of 437,257 shares, compared to its average volume of 687,771. The firm has a market cap of $10.32 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. 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 company has a fifty day moving average price of $87.49 and a 200-day moving average price of $87.08. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its earnings results 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 net margin of 10.19% and a return on equity of 18.89%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The firm's quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 dividend payout ratio is 44.21%.

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.

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.