XTX Topco Ltd Sells 7,818 Shares of Amdocs Limited (NASDAQ:DOX)

XTX Topco Ltd lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 51.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,343 shares of the technology company's stock after selling 7,818 shares during the period. XTX Topco Ltd's holdings in Amdocs were worth $625,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Axxcess Wealth Management LLC raised its holdings in Amdocs by 5.4% in the 4th 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 in the last quarter. Principal Securities Inc. grew its stake in shares of Amdocs by 10.4% in the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company's stock valued at $114,000 after purchasing an additional 126 shares during the period. Global Retirement Partners LLC grew its stake in shares of Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after purchasing an additional 175 shares during the period. CIBC Asset Management Inc grew its stake in shares of Amdocs by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company's stock valued at $308,000 after purchasing an additional 180 shares during the period. Finally, KFG Wealth Management LLC grew its stake in shares of Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company's stock valued at $213,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 92.02% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.20.

Amdocs Trading Up 0.8 %

NASDAQ:DOX traded up $0.70 on Thursday, hitting $85.66. 93,845 shares of the stock were exchanged, compared to its average volume of 703,344. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.47 and a beta of 0.59. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The company's 50-day moving average price is $87.19 and its 200 day moving average price is $87.04.

Amdocs (NASDAQ:DOX - Get Free Report) last posted 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%. On average, equities research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.527 dividend. 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. This represents a $2.11 annualized dividend and a dividend yield of 2.46%. Amdocs's payout ratio is currently 48.72%.

Amdocs 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.