Amdocs Limited (NASDAQ:DOX) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,863,089 shares of the technology company's stock after selling 157,066 shares during the period. LSV Asset Management owned approximately 2.54% of Amdocs worth $243,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC raised its stake in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock worth $48,000 after buying an additional 175 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock valued at $57,000 after buying an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after acquiring an additional 457 shares during the period. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Price Performance

Shares of NASDAQ DOX traded up $0.49 on Tuesday, hitting $84.59. The company's stock had a trading volume of 293,101 shares, compared to its average volume of 699,506. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The stock has a 50 day moving average of $87.59 and a 200-day moving average of $87.23. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59.

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Amdocs (NASDAQ:DOX - Get Free Report) last released 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%. As a group, research analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be given a $0.527 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from Amdocs's previous quarterly dividend of $0.48. Amdocs's payout ratio is currently 48.72%.

Analysts Set New Price Targets

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 analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.20.

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.