Legal & General Group Plc Sells 6,205 Shares of Amdocs Limited (NASDAQ:DOX)

Legal & General Group Plc lessened its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,200 shares of the technology company's stock after selling 6,205 shares during the quarter. Legal & General Group Plc owned 0.33% of Amdocs worth $31,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Amdocs during the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs during the 4th quarter valued at approximately $41,000. Global Retirement Partners LLC lifted its position in Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after buying an additional 175 shares during the period. Private Trust Co. NA boosted its stake in Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after acquiring an additional 368 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Amdocs by 199.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after buying an additional 457 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

Shares of Amdocs stock traded down $0.10 during trading hours on Friday, reaching $83.18. 808,930 shares of the stock traded hands, compared to its average volume of 703,176. 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 $9.39 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.47 and a beta of 0.59. The company has a 50 day moving average price of $87.46 and a 200 day moving average price of $87.16. Amdocs Limited has a one year low of $74.41 and a one year high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is a boost from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.53%. Amdocs's dividend payout ratio (DPR) is presently 48.72%.

Analyst Ratings Changes

Separately, StockNews.com lowered 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $101.20.

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.