Deutsche Bank AG Trims Holdings in Amdocs Limited (NASDAQ:DOX)

Deutsche Bank AG lowered its stake in shares of Amdocs Limited (NASDAQ:DOX) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 392,381 shares of the technology company’s stock after selling 83,463 shares during the period. Deutsche Bank AG owned 0.35% of Amdocs worth $33,407,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its stake in Amdocs by 5.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the technology company’s stock worth $207,000 after acquiring an additional 124 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Amdocs by 10.4% during the 4th quarter. Principal Securities Inc. now owns 1,341 shares of the technology company’s stock worth $114,000 after purchasing an additional 126 shares during the period. Global Retirement Partners LLC increased its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Amdocs by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,621 shares of the technology company’s stock worth $308,000 after purchasing an additional 180 shares during the last quarter. Finally, KFG Wealth Management LLC raised its holdings in Amdocs by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 2,496 shares of the technology company’s stock valued at $213,000 after buying an additional 189 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Amdocs Stock Down 1.3%

NASDAQ:DOX opened at $91.12 on Wednesday. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.61. The stock’s fifty day moving average is $87.50 and its two-hundred day moving average is $87.04. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. 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 posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, June 30th. Amdocs’s payout ratio is 44.21%.

Amdocs 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.