Amdocs Limited (NASDAQ:DOX) Stock Position Lowered by Sei Investments Co.

Sei Investments Co. lowered its position in shares of Amdocs Limited (NASDAQ:DOX) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 652,109 shares of the technology company’s stock after selling 19,432 shares during the period. Sei Investments Co.’s holdings in Amdocs were worth $55,522,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its stake in shares of Amdocs by 62.9% in the 3rd quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock worth $27,000 after purchasing an additional 117 shares during the last quarter. Brooklyn Investment Group acquired a new position in Amdocs in the third quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in shares of Amdocs in the fourth quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter worth $41,000. Finally, Global Retirement Partners LLC boosted its position in shares of Amdocs by 45.6% in 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 period. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 0.1 %

NASDAQ:DOX opened at $88.27 on Monday. 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 has a market capitalization of $9.96 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.47 and a beta of 0.68. The stock’s 50 day moving average price is $87.21 and its 200 day moving average price is $87.16. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $93.34.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. On average, research analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend 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 dividend payout ratio is 48.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.20.

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.