Amdocs Limited (NASDAQ:DOX) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,920 shares of the technology company’s stock after selling 26,529 shares during the period. Gotham Asset Management LLC owned about 0.12% of Amdocs worth $11,998,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its position in shares of Amdocs by 6.3% during the 3rd quarter. Barclays PLC now owns 290,376 shares of the technology company’s stock valued at $25,402,000 after acquiring an additional 17,097 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Amdocs by 71.6% during the 3rd quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company’s stock valued at $13,580,000 after acquiring an additional 63,527 shares in the last quarter. Steph & Co. raised its position in shares of Amdocs by 14.4% during the 4th quarter. Steph & Co. now owns 6,649 shares of the technology company’s stock valued at $566,000 after acquiring an additional 837 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Amdocs by 15.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 818,021 shares of the technology company’s stock valued at $69,646,000 after acquiring an additional 107,349 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Amdocs by 7.4% during the 4th quarter. HB Wealth Management LLC now owns 3,839 shares of the technology company’s stock valued at $327,000 after acquiring an additional 264 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Amdocs Price Performance

Shares of NASDAQ DOX opened at $91.41 on Monday. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. 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 business’s fifty day moving average price is $87.36 and its two-hundred day moving average price is $86.99. The firm has a market capitalization of $10.32 billion, a PE ratio of 21.21, a P/E/G ratio of 1.47 and a beta of 0.51.

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

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.31%. Amdocs’s payout ratio is 44.21%.

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.