Corient Private Wealth LLC Sells 4,021 Shares of Amdocs Limited (NASDAQ:DOX)

Corient Private Wealth LLC lowered its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 72,328 shares of the technology company’s stock after selling 4,021 shares during the quarter. Corient Private Wealth LLC’s holdings in Amdocs were worth $6,158,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DOX. Raymond James Financial Inc. bought a new position in shares of Amdocs in the 4th quarter worth approximately $44,494,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Amdocs by 123.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 759,136 shares of the technology company’s stock worth $66,409,000 after purchasing an additional 419,045 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Amdocs by 4.3% in the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after purchasing an additional 270,810 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Amdocs by 1,207.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,701 shares of the technology company’s stock worth $23,768,000 after purchasing an additional 250,918 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Amdocs by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,633,733 shares of the technology company’s stock worth $143,498,000 after purchasing an additional 158,843 shares during the period. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 0.1 %

Amdocs stock opened at $88.27 on Friday. The firm has a 50 day moving average of $87.21 and a 200 day moving average of $87.15. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $93.34. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.

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

Amdocs Increases Dividend

The business 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 dividend of $0.527 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.48. This represents a $2.11 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, March 31st. Amdocs’s dividend payout ratio (DPR) is 48.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Amdocs presently has a consensus rating of “Moderate Buy” and an average target price 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.