Todd Asset Management LLC Sells 59,866 Shares of Amdocs Limited (NASDAQ:DOX)

Todd Asset Management LLC reduced its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,404 shares of the technology company's stock after selling 59,866 shares during the period. Todd Asset Management LLC owned about 0.30% of Amdocs worth $30,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DOX. GAMMA Investing LLC bought a new position in Amdocs during the 4th quarter worth $25,000. Operose Advisors LLC raised its holdings in Amdocs by 148.0% during the 3rd quarter. Operose Advisors LLC now owns 310 shares of the technology company's stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Amdocs during the 4th quarter worth about $26,000. VisionPoint Advisory Group LLC increased its holdings in Amdocs by 77.7% in the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company's stock worth $42,000 after purchasing an additional 220 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Amdocs by 16,840.0% during the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company's stock valued at $72,000 after acquiring an additional 842 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Amdocs Stock Performance

Shares of NASDAQ DOX traded up $0.26 during midday trading on Friday, reaching $83.90. The company's stock had a trading volume of 660,338 shares, compared to its average volume of 592,389. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $9.86 billion, a P/E ratio of 17.97, a PEG ratio of 1.36 and a beta of 0.70. The firm has a 50 day moving average price of $88.95 and a 200-day moving average price of $87.47. Amdocs Limited has a 12-month low of $78.38 and a 12-month high of $99.75.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.16. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.24 billion. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. As a group, equities analysts predict that Amdocs Limited will post 5.87 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were paid a $0.479 dividend. This is an increase from Amdocs's previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.28%. Amdocs's dividend payout ratio is presently 41.11%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DOX. Barclays lifted their price objective on shares of Amdocs from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. StockNews.com lowered Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, March 15th. Finally, Citigroup upped their price target on Amdocs from $96.00 to $104.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Amdocs presently has an average rating of "Buy" and an average price target of $108.60.

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.