C WorldWide Group Holding A S Sells 3,268 Shares of Amdocs Limited (NASDAQ:DOX)

C WorldWide Group Holding A S lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,280 shares of the technology company’s stock after selling 3,268 shares during the quarter. C WorldWide Group Holding A S’s holdings in Amdocs were worth $1,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DOX. GAMMA Investing LLC purchased a new position in Amdocs in the 4th quarter worth $25,000. Operose Advisors LLC raised its stake in Amdocs by 148.0% in the 3rd quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after acquiring an additional 185 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Amdocs in the 4th quarter worth $26,000. VisionPoint Advisory Group LLC raised its stake in Amdocs by 77.7% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after acquiring an additional 220 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Amdocs by 16,840.0% in the 3rd quarter. Allworth Financial LP now owns 847 shares of the technology company’s stock worth $72,000 after acquiring an additional 842 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 traded down $0.66 during trading on Friday, reaching $84.98. 575,911 shares of the company traded hands, compared to its average volume of 493,415. The firm’s fifty day simple moving average is $89.62 and its 200 day simple moving average is $87.32. The stock has a market cap of $9.99 billion, a P/E ratio of 18.20, a PEG ratio of 1.39 and a beta of 0.69. Amdocs Limited has a 12-month low of $78.38 and a 12-month high of $99.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. As a group, research analysts anticipate that Amdocs Limited will post 5.87 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, March 29th were given a dividend of $0.479 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Amdocs’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.25%. Amdocs’s dividend payout ratio (DPR) is 41.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Barclays raised their target price on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Citigroup raised their target price on Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $108.60.

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.