Amdocs Limited (NASDAQ:DOX) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,593,101 shares of the technology company’s stock after selling 32,774 shares during the period. Janus Henderson Group PLC owned about 0.06% of Amdocs worth $561,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DOX. Pacer Advisors Inc. grew its stake in Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after buying an additional 125,654 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Amdocs by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,032,867 shares of the technology company’s stock valued at $90,355,000 after purchasing an additional 63,718 shares in the last quarter. Franklin Resources Inc. grew its holdings in Amdocs by 71.6% during the third quarter. Franklin Resources Inc. now owns 152,230 shares of the technology company’s stock worth $13,580,000 after acquiring an additional 63,527 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Amdocs in the 4th quarter valued at about $41,000. Finally, Running Oak Capital LLC increased its holdings in Amdocs by 8.0% in the fourth quarter. Running Oak Capital LLC now owns 155,013 shares of the technology company’s stock valued at $13,198,000 after buying an additional 11,497 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Amdocs Stock Performance

NASDAQ DOX opened at $91.41 on Friday. The company has a market capitalization of $10.32 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.61. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $87.36 and its 200 day moving average price is $87.01.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 18.89% and a net margin of 10.19%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $1.56 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs’s dividend payout ratio is presently 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.