Amdocs Limited (NASDAQ:DOX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 33.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,170 shares of the technology company’s stock after selling 1,582 shares during the period. Yousif Capital Management LLC’s holdings in Amdocs were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after acquiring an additional 117 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Amdocs in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Amdocs in the 3rd quarter valued at about $55,000. Meeder Asset Management Inc. purchased a new stake in shares of Amdocs during the 3rd quarter worth about $77,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Amdocs during the 3rd quarter worth approximately $130,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

NASDAQ:DOX opened at $88.30 on Tuesday. The firm has a 50-day moving average of $85.92 and a two-hundred day moving average of $86.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The stock has a market cap of $9.97 billion, a P/E ratio of 20.49, a PEG ratio of 1.41 and a beta of 0.71. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS 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 expect that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s dividend payout ratio is 44.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DOX shares. Oppenheimer boosted their price objective on shares of Amdocs from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays decreased their price target on shares of Amdocs from $113.00 to $111.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.