Invesco Ltd. Sells 756,714 Shares of Amdocs Limited (NASDAQ:DOX)

Invesco Ltd. decreased its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 65.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,265 shares of the technology company's stock after selling 756,714 shares during the quarter. Invesco Ltd. owned 0.35% of Amdocs worth $33,993,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Amdocs during the fourth quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs during the 4th quarter worth $41,000. Global Retirement Partners LLC increased its holdings in Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after purchasing an additional 175 shares in the last quarter. Private Trust Co. NA raised its position in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after purchasing an additional 457 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Amdocs Trading Up 2.2 %

Shares of DOX stock traded up $1.80 on Tuesday, hitting $83.91. The company had a trading volume of 799,560 shares, compared to its average volume of 705,433. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34. The stock's 50-day moving average is $87.25 and its two-hundred day moving average is $87.05. The firm has a market cap of $9.47 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.47 and a beta of 0.59.

Amdocs (NASDAQ:DOX - Get Free Report) last posted 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 return on equity of 18.89% and a net margin of 10.19%. On average, equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.527 per share. This is a positive change 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 annualized dividend and a dividend yield of 2.51%. Amdocs's dividend payout ratio is presently 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.