Alpine Woods Capital Investors LLC Trims Position in Amdocs Limited (NASDAQ:DOX)

Alpine Woods Capital Investors LLC lowered its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,866 shares of the technology company's stock after selling 23,492 shares during the period. Alpine Woods Capital Investors LLC owned approximately 0.05% of Amdocs worth $4,842,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock worth $27,000 after buying an additional 117 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Amdocs in the third quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in shares of Amdocs in the fourth quarter worth approximately $36,000. SBI Securities Co. Ltd. bought a new position in shares of Amdocs in the fourth quarter worth approximately $41,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after buying an additional 175 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.20.

Remove Ads

Amdocs Stock Performance

Shares of DOX traded up $0.37 during mid-day trading on Tuesday, hitting $89.28. 597,376 shares of the company traded hands, compared to its average volume of 649,958. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a 50-day moving average price of $86.80 and a two-hundred day moving average price of $87.10. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.47 and a beta of 0.68.

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

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This is a boost from Amdocs's previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs's dividend payout ratio is currently 48.72%.

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.