Amdocs Limited (NASDAQ:DOX) Shares Sold by Oak Thistle LLC

Oak Thistle LLC trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 32.4% during the first quarter, HoldingsChannel.com reports. The fund owned 8,676 shares of the technology company’s stock after selling 4,158 shares during the period. Amdocs makes up approximately 0.7% of Oak Thistle LLC’s holdings, making the stock its 15th largest holding. Oak Thistle LLC’s holdings in Amdocs were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DOX. Norges Bank acquired a new position in shares of Amdocs in the 4th quarter valued at $119,694,000. Seizert Capital Partners LLC purchased a new position in Amdocs in the 4th quarter valued at $28,059,000. Brandes Investment Partners LP grew its position in Amdocs by 22.1% in the 4th quarter. Brandes Investment Partners LP now owns 1,402,646 shares of the technology company’s stock valued at $123,279,000 after buying an additional 254,304 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Amdocs by 39.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,767 shares of the technology company’s stock valued at $67,319,000 after buying an additional 224,518 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position in Amdocs by 4.8% in the 4th quarter. Pzena Investment Management LLC now owns 4,239,513 shares of the technology company’s stock valued at $372,611,000 after buying an additional 195,626 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DOX. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Citigroup lowered their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Robert W. Baird lowered their price objective on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Amdocs currently has an average rating of “Moderate Buy” and a consensus target price of $103.80.

Amdocs Price Performance

Shares of NASDAQ DOX traded down $0.25 during trading on Monday, hitting $78.67. 675,068 shares of the company were exchanged, compared to its average volume of 732,173. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.39 and a beta of 0.74. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $98.84. The firm’s fifty day moving average price is $80.39 and its 200 day moving average price is $86.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, May 8th. The technology company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.05). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. On average, sell-side analysts expect that Amdocs Limited will post 5.72 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be given a dividend of $0.479 per share. The ex-dividend date is Friday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.44%. Amdocs’s payout ratio is currently 43.15%.

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.