Janus Henderson Group PLC Reduces Position in Amdocs Limited (NASDAQ:DOX)

Janus Henderson Group PLC decreased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,593,101 shares of the technology company’s stock after selling 32,774 shares during the quarter. Janus Henderson Group PLC owned about 5.84% of Amdocs worth $561,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Amdocs in the 4th quarter worth approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs in the fourth quarter worth $41,000. Global Retirement Partners LLC raised its holdings 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 worth $48,000 after purchasing an additional 175 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after purchasing an additional 208 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $91.41 on Friday. The company has a market capitalization of $10.32 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. 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’s fifty day moving average price is $87.36 and its 200 day moving average price is $87.01. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.61.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. On average, research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be issued a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, June 30th. Amdocs’s payout ratio is presently 48.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th.

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.