Amdocs Limited (NASDAQ:DOX) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its holdings in Amdocs Limited (NASDAQ:DOX) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 652,109 shares of the technology company’s stock after selling 19,432 shares during the period. Sei Investments Co. owned approximately 0.58% of Amdocs worth $55,522,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Private Trust Co. NA lifted its stake in shares of Amdocs by 62.9% during the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares in the last quarter. Brooklyn Investment Group acquired a new position in Amdocs during the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp acquired a new stake in Amdocs in the fourth quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the fourth quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC raised its stake in shares of Amdocs by 45.6% during the fourth 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. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Stock Performance

Amdocs stock opened at $88.27 on Monday. 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 has a 50 day moving average of $87.21 and a 200-day moving average of $87.16. The stock has a market cap of $9.96 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share 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, analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is currently 48.72%.

Amdocs Company 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.