Amdocs Limited (NASDAQ:DOX) Stock Position Cut by Excalibur Management Corp

Excalibur Management Corp reduced its stake in Amdocs Limited (NASDAQ:DOX) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,676 shares of the technology company’s stock after selling 164 shares during the period. Excalibur Management Corp’s holdings in Amdocs were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Amdocs by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,137 shares of the technology company’s stock worth $18,120,000 after buying an additional 11,179 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Amdocs by 20.9% during the 3rd quarter. Raymond James Trust N.A. now owns 7,008 shares of the technology company’s stock valued at $613,000 after purchasing an additional 1,212 shares in the last quarter. Citigroup Inc. grew its stake in shares of Amdocs by 8.7% in the 3rd quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock worth $6,866,000 after purchasing an additional 6,294 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Amdocs by 15.1% in the 3rd quarter. Cerity Partners LLC now owns 7,652 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Pitcairn Co. lifted its stake in Amdocs by 19.9% during the third quarter. Pitcairn Co. now owns 3,245 shares of the technology company’s stock valued at $284,000 after purchasing an additional 538 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.20.

Amdocs Trading Up 0.7 %

NASDAQ:DOX opened at $90.42 on Wednesday. The stock’s 50-day moving average is $87.46 and its two-hundred day moving average is $87.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The stock has a market cap of $10.21 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34.

Amdocs (NASDAQ:DOX) last released 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 net margin of 10.19% and a return on equity of 18.89%. As a group, equities research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 represents a $2.11 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost 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.