Amdocs Limited (NASDAQ:DOX) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S decreased its stake in Amdocs Limited (NASDAQ:DOX) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,278 shares of the technology company’s stock after selling 5,122 shares during the period. C WorldWide Group Holding A S’s holdings in Amdocs were worth $1,897,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOX. Creative Planning boosted its holdings in shares of Amdocs by 37.3% in the 3rd quarter. Creative Planning now owns 15,111 shares of the technology company’s stock valued at $1,322,000 after buying an additional 4,104 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Amdocs by 58.2% in the 3rd quarter. Blue Trust Inc. now owns 1,800 shares of the technology company’s stock valued at $157,000 after buying an additional 662 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Amdocs in the 3rd quarter valued at $226,000. Private Advisor Group LLC boosted its holdings in shares of Amdocs by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,626 shares of the technology company’s stock valued at $492,000 after buying an additional 175 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Amdocs in the 3rd quarter valued at $8,950,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Down 1.6 %

DOX stock opened at $87.91 on Monday. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The stock has a market capitalization of $9.92 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. 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 has a fifty day moving average of $86.07 and a 200-day moving average of $86.66.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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%. As a group, analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Monday, March 31st will be paid a $0.527 dividend. This is a boost 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 2.40%. Amdocs’s dividend payout ratio (DPR) is 48.72%.

Analyst Ratings Changes

Several research firms recently commented on DOX. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Barclays reduced their target price on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. Finally, Oppenheimer raised their target price on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.20.

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.