Amdocs Limited (NASDAQ:DOX) Shares Sold by Fmr LLC

Fmr LLC lessened its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,874,528 shares of the technology company’s stock after selling 18,438 shares during the quarter. Fmr LLC owned approximately 14.95% of Amdocs worth $1,436,697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its position in shares of Amdocs by 5.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company’s stock valued at $207,000 after buying an additional 124 shares in the last quarter. Principal Securities Inc. raised its position in Amdocs by 10.4% during the fourth quarter. Principal Securities Inc. now owns 1,341 shares of the technology company’s stock worth $114,000 after acquiring an additional 126 shares during the period. Global Retirement Partners LLC lifted its holdings in 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 in the last quarter. CIBC Asset Management Inc increased its stake in shares of Amdocs by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company’s stock worth $308,000 after purchasing an additional 180 shares in the last quarter. Finally, KFG Wealth Management LLC raised its position in shares of Amdocs by 8.2% during the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock worth $213,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Amdocs Stock Performance

NASDAQ:DOX opened at $83.70 on Monday. The company has a market cap of $9.45 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.47 and a beta of 0.59. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34. The company’s 50-day moving average price is $88.29 and its 200-day moving average price is $87.46. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

Amdocs (NASDAQ:DOX) last issued its earnings results 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, sell-side analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 2.52%. Amdocs’s payout ratio is presently 48.72%.

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.