Amdocs Limited (NASDAQ:DOX) Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,991 shares of the technology company's stock after selling 3,560 shares during the quarter. Voya Investment Management LLC owned 0.09% of Amdocs worth $9,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Barclays PLC boosted its position in Amdocs by 6.3% during 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 period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Amdocs during the third quarter worth approximately $130,000. Tidal Investments LLC increased its position in shares of Amdocs by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 113,671 shares of the technology company's stock worth $9,944,000 after purchasing an additional 2,885 shares during the last quarter. Franklin Resources Inc. raised its stake in Amdocs by 71.6% during the third quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company's stock valued at $13,580,000 after buying an additional 63,527 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Amdocs by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company's stock valued at $90,355,000 after acquiring an additional 63,718 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Amdocs Price Performance

DOX stock traded up $0.76 during trading on Friday, hitting $89.39. The company had a trading volume of 404,371 shares, compared to its average volume of 700,905. The business has a 50 day moving average of $87.01 and a 200 day moving average of $86.97. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.47 and a beta of 0.59. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34.

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

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 31st were given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, March 31st. This is an increase from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is 48.72%.

About Amdocs

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.