American Century Companies Inc. Sells 216,624 Shares of Amdocs Limited (NASDAQ:DOX)

American Century Companies Inc. trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,815,918 shares of the technology company's stock after selling 216,624 shares during the quarter. American Century Companies Inc. owned about 1.61% of Amdocs worth $154,607,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its stake in Amdocs by 62.9% during 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 acquired a new stake in shares of Amdocs during the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in Amdocs in the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs during the fourth quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC lifted its stake in Amdocs by 45.6% during 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. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Remove Ads

Amdocs Price Performance

Shares of NASDAQ:DOX traded up $0.05 during trading on Thursday, hitting $92.02. 504,135 shares of the company were exchanged, 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 market capitalization of $10.39 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. 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 business's 50 day moving average is $87.62 and its 200-day moving average is $87.26.

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

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's 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.