Amdocs Limited (NASDAQ:DOX) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in Amdocs Limited (NASDAQ:DOX) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,381 shares of the technology company’s stock after selling 83,463 shares during the period. Deutsche Bank AG’s holdings in Amdocs were worth $33,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOX. Pzena Investment Management LLC boosted 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 valued at $564,866,000 after buying an additional 270,810 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Amdocs by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company’s stock valued at $274,681,000 after acquiring an additional 87,801 shares in the last quarter. Vanguard Group Inc. lifted its stake in Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock worth $261,756,000 after acquiring an additional 426,035 shares during the last quarter. Wellington Management Group LLP grew its holdings in Amdocs by 25.4% during the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after acquiring an additional 543,490 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock valued at $154,587,000 after purchasing an additional 125,654 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 1.3%

DOX opened at $91.12 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a one year low of $74.41 and a one year high of $94.61. The company has a market cap of $10.29 billion, a P/E ratio of 21.14, a PEG ratio of 1.47 and a beta of 0.51. The business’s 50-day simple moving average is $87.50 and its 200-day simple moving average is $87.04.

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

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, June 30th will be paid a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.31%. Amdocs’s dividend payout ratio is currently 44.21%.

Analyst Ratings Changes

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

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.