Amdocs Limited (NASDAQ:DOX) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC lowered its position in Amdocs Limited (NASDAQ:DOX) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,515 shares of the technology company’s stock after selling 265 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Amdocs were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pzena Investment Management LLC lifted its stake in Amdocs by 12.3% in the 3rd quarter. Pzena Investment Management LLC now owns 6,363,739 shares of the technology company’s stock valued at $556,700,000 after buying an additional 696,136 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Amdocs in the 4th quarter valued at approximately $44,494,000. Hotchkis & Wiley Capital Management LLC lifted its stake in Amdocs by 123.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock valued at $66,409,000 after buying an additional 419,045 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Amdocs by 1,207.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock valued at $23,768,000 after buying an additional 250,918 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Amdocs by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,633,733 shares of the technology company’s stock valued at $143,498,000 after buying an additional 158,843 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Amdocs Trading Up 1.6 %

Shares of Amdocs stock opened at $87.99 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $93.34. The firm has a market cap of $9.93 billion, a PE ratio of 20.42, a P/E/G ratio of 1.47 and a beta of 0.68. The business’s fifty day moving average is $86.71 and its two-hundred day moving average is $87.07. The company has a quick ratio of 1.20, a current ratio of 1.16 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%. Analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a $0.527 dividend. This is an increase from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s dividend 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.