Signaturefd LLC Sells 464 Shares of Amdocs Limited (NASDAQ:DOX)

Signaturefd LLC lowered its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,508 shares of the technology company’s stock after selling 464 shares during the quarter. Signaturefd LLC’s holdings in Amdocs were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Trust Co. NA raised its holdings in Amdocs by 62.9% during the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Amdocs in the third quarter valued at $28,000. Jones Financial Companies Lllp bought a new stake in shares of Amdocs in the 4th quarter worth about $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Amdocs during the 4th quarter worth about $41,000. Finally, 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 purchasing an additional 175 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 0.1 %

NASDAQ DOX opened at $88.27 on Friday. The stock has a market cap of $9.96 billion, a PE ratio of 20.48, a PEG 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’s 50-day moving average price is $87.21 and its 200-day moving average price is $87.15. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS 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%. Equities research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.39%. Amdocs’s dividend payout ratio is presently 48.72%.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and a consensus price target 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.