Amdocs Limited (NASDAQ:DOX) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC cut its holdings in Amdocs Limited (NASDAQ:DOX) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,515 shares of the technology company’s stock after selling 265 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Amdocs were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DOX. Private Trust Co. NA raised its stake in Amdocs by 62.9% in the third quarter. Private Trust Co. NA now owns 303 shares of the technology company’s stock valued at $27,000 after buying an additional 117 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Amdocs during the third quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the fourth quarter worth about $41,000. Finally, Global Retirement Partners LLC increased its position in shares of Amdocs by 45.6% during the fourth quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after purchasing an additional 175 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Amdocs Stock Performance

NASDAQ DOX opened at $87.99 on Friday. 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 Limited has a 52-week low of $74.41 and a 52-week high of $93.34. The business’s 50-day moving average price is $86.71 and its 200 day moving average price is $87.07. The firm has a market cap of $9.93 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.47 and a beta of 0.68.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. On average, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is currently 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.