Daiwa Securities Group Inc. Sells 251 Shares of Amdocs Limited (NASDAQ:DOX)

Daiwa Securities Group Inc. cut its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,366 shares of the technology company’s stock after selling 251 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Amdocs were worth $797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its holdings in Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after acquiring an additional 117 shares during the period. Brooklyn Investment Group bought a new stake in Amdocs during the third quarter valued at about $28,000. Jones Financial Companies Lllp bought a new stake in Amdocs during the fourth quarter valued at about $36,000. SBI Securities Co. Ltd. bought a new stake in Amdocs during the fourth quarter valued at about $41,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Amdocs Trading Up 1.6 %

Shares of DOX stock opened at $87.99 on Friday. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. 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’s 50-day moving average price is $86.71 and its 200-day moving average price is $87.07.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results 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 return on equity of 18.89% and a net margin of 10.19%. Equities research analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared 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 is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 2.40%. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio (DPR) 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.