Wedge Capital Management L L P NC Sells 681,702 Shares of Amdocs Limited $DOX

Wedge Capital Management L L P NC trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 92.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,553 shares of the technology company’s stock after selling 681,702 shares during the period. Wedge Capital Management L L P NC’s holdings in Amdocs were worth $4,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in Amdocs in the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new position in Amdocs in the third quarter valued at about $26,000. WealthCollab LLC raised its position in shares of Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after buying an additional 173 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Amdocs in the third quarter valued at approximately $37,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Amdocs in the 3rd quarter valued at $39,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $64.32 on Monday. Amdocs Limited has a 52-week low of $63.33 and a 52-week high of $95.41. The company has a 50-day simple moving average of $71.46 and a two-hundred day simple moving average of $77.72. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.14 and a beta of 0.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.06.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Amdocs had a return on equity of 20.19% and a net margin of 12.47%.The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $1.66 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Amdocs has set its Q2 2026 guidance at 1.730-1.790 EPS and its FY 2026 guidance at 7.270-7.550 EPS. Research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Tuesday, March 31st will be issued a $0.569 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.5%. Amdocs’s dividend payout ratio is 40.81%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Amdocs from $97.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Barclays reduced their target price on Amdocs from $111.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amdocs in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amdocs presently has an average rating of “Moderate Buy” and a consensus price target of $92.33.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.