Sei Investments Co. Sells 19,432 Shares of Amdocs Limited (NASDAQ:DOX)

Sei Investments Co. decreased its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 652,109 shares of the technology company's stock after selling 19,432 shares during the period. Sei Investments Co. owned about 0.58% of Amdocs worth $55,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company's stock valued at $27,000 after buying an additional 117 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Amdocs by 5.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company's stock valued at $207,000 after acquiring an additional 124 shares during the last quarter. Principal Securities Inc. lifted its holdings in Amdocs by 10.4% in the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock valued at $114,000 after acquiring an additional 126 shares during the period. Morton Community Bank boosted its position in Amdocs by 0.4% in the third quarter. Morton Community Bank now owns 36,410 shares of the technology company's stock worth $3,185,000 after purchasing an additional 130 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in 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 purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

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Amdocs Stock Performance

DOX traded up $0.05 during midday trading on Thursday, reaching $92.02. The company had a trading volume of 504,135 shares, compared to its average volume of 656,896. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. 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 company has a market cap of $10.39 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.47 and a beta of 0.68. The business has a 50-day moving average of $87.62 and a two-hundred day moving average of $87.26.

Amdocs (NASDAQ:DOX - Get Free Report) last released its earnings results 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, equities research analysts predict 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. Investors 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 of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.29%. Amdocs's payout ratio is 48.72%.

Analyst Ratings Changes

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