Amdocs Limited (NASDAQ:DOX) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 241,491 shares of the technology company’s stock after selling 7,253 shares during the quarter. Bridgewater Associates LP’s holdings in Amdocs were worth $20,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DOX. Jones Financial Companies Lllp acquired a new position in shares of Amdocs during the fourth quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Amdocs during the 4th quarter worth about $41,000. Global Retirement Partners LLC boosted its holdings in shares of Amdocs by 45.6% in the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after acquiring an additional 175 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after acquiring an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Amdocs by 199.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company’s stock worth $59,000 after purchasing an additional 457 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.20.

Amdocs Price Performance

NASDAQ DOX opened at $84.55 on Wednesday. The stock has a market capitalization of $9.54 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The business’s fifty day moving average is $87.57 and its two-hundred day moving average is $87.22. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34.

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

Amdocs Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.49%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, March 31st. Amdocs’s payout ratio is presently 48.72%.

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.