Tudor Investment Corp ET AL Sells 2,125 Shares of Amdocs Limited (NASDAQ:DOX)

Tudor Investment Corp ET AL cut its holdings in Amdocs Limited (NASDAQ:DOX) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,715 shares of the technology company’s stock after selling 2,125 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Amdocs were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new stake in shares of Amdocs in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in Amdocs in the fourth quarter worth $41,000. Global Retirement Partners LLC boosted 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. Tower Research Capital LLC TRC grew its holdings in shares of Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after buying an additional 208 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Amdocs by 121.5% in the 4th quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Amdocs Trading Down 1.2 %

DOX opened at $91.41 on Friday. The firm’s fifty day simple moving average is $87.36 and its 200 day simple moving average is $87.03. The stock has a market capitalization of $10.32 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.47 and a beta of 0.51. 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 Limited has a 12 month low of $74.41 and a 12 month high of $94.61.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.56 earnings per share. The firm’s revenue was down 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th 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 2.31%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs’s dividend payout ratio is currently 48.72%.

About Amdocs

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.