Amdocs Limited (NASDAQ:DOX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,615 shares of the technology company's stock after selling 4,040 shares during the quarter. California Public Employees Retirement System owned approximately 0.49% of Amdocs worth $46,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Amdocs in the fourth quarter valued at $44,494,000. Vanguard Group Inc. lifted its holdings in Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock valued at $261,756,000 after purchasing an additional 426,035 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Amdocs by 123.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company's stock worth $66,409,000 after purchasing an additional 419,045 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Amdocs by 4.3% during the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock worth $564,866,000 after buying an additional 270,810 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amdocs by 1,207.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company's stock worth $23,768,000 after buying an additional 250,918 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

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Amdocs Trading Down 5.2 %

Shares of DOX stock traded down $4.63 during trading hours on Friday, hitting $83.70. 805,986 shares of the company were exchanged, compared to its average volume of 690,661. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The firm has a fifty day moving average of $88.29 and a 200 day moving average of $87.46. The firm has a market cap of $9.45 billion, a PE ratio of 19.42, a PEG ratio of 1.47 and a beta of 0.59. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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%. Analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is 48.72%.

Analyst Upgrades and Downgrades

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