Alpine Woods Capital Investors LLC Decreases Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Alpine Woods Capital Investors LLC reduced its position in shares of Amdocs Limited (NASDAQ:DOX) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,866 shares of the technology company’s stock after selling 23,492 shares during the period. Alpine Woods Capital Investors LLC owned about 0.05% of Amdocs worth $4,842,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Amdocs by 280.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,748 shares of the technology company’s stock worth $10,791,000 after purchasing an additional 93,471 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Amdocs by 127.9% in the fourth quarter. Farther Finance Advisors LLC now owns 841 shares of the technology company’s stock valued at $72,000 after acquiring an additional 472 shares during the last quarter. HighTower Advisors LLC lifted its position in Amdocs by 20.0% in the fourth quarter. HighTower Advisors LLC now owns 15,374 shares of the technology company’s stock valued at $1,309,000 after acquiring an additional 2,561 shares during the last quarter. Pzena Investment Management LLC lifted its position in Amdocs by 4.3% in the fourth quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock valued at $564,866,000 after acquiring an additional 270,810 shares during the last quarter. Finally, Morton Community Bank lifted its position in Amdocs by 4.0% in the fourth quarter. Morton Community Bank now owns 37,855 shares of the technology company’s stock valued at $3,223,000 after acquiring an additional 1,445 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $86.62 on Friday. The company has a 50-day simple moving average of $86.64 and a 200-day simple moving average of $87.03. Amdocs Limited has a one year low of $74.41 and a one year high of $93.83. 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 stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last announced its 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, analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st 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 2.43%. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs’s payout ratio is 48.72%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays reduced 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. StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Amdocs currently has an average rating of “Moderate Buy” and an average price target 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.