Legal & General Group Plc lessened its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 375,200 shares of the technology company's stock after selling 6,205 shares during the period. Legal & General Group Plc owned 0.33% of Amdocs worth $31,945,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DOX. Jones Financial Companies Lllp bought a new stake in Amdocs in the 4th quarter valued at $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of Amdocs in the fourth quarter worth about $41,000. Global Retirement Partners LLC grew its holdings in Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after buying an additional 175 shares in the last quarter. Private Trust Co. NA increased its stake in Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Amdocs by 199.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock valued at $59,000 after acquiring an additional 457 shares during the last quarter. 92.02% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $101.20.
Get Our Latest Stock Analysis on DOX
Amdocs Trading Up 0.5 %
Shares of NASDAQ DOX traded up $0.45 during mid-day trading on Tuesday, reaching $84.55. The company had a trading volume of 573,619 shares, compared to its average volume of 701,140. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. The business's 50-day moving average is $87.57 and its 200-day moving average is $87.22. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.
Amdocs (NASDAQ:DOX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) 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%. Equities analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.
Amdocs Increases Dividend
The business 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. Amdocs's dividend payout ratio is currently 48.72%.
About Amdocs
(
Free Report)
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.
See Also
Before you consider Amdocs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amdocs wasn't on the list.
While Amdocs currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
