Tucker Asset Management LLC Decreases Stake in Amdocs Limited (NASDAQ:DOX)

Tucker Asset Management LLC reduced its position in Amdocs Limited (NASDAQ:DOX) by 23.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,787 shares of the technology company’s stock after selling 561 shares during the period. Tucker Asset Management LLC’s holdings in Amdocs were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its stake in Amdocs by 8.3% in the 4th quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after buying an additional 127,426 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Amdocs by 7.4% in the fourth 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 in the last quarter. Dudley & Shanley Inc. raised its stake in shares of Amdocs by 7.6% during the 3rd quarter. Dudley & Shanley Inc. now owns 261,826 shares of the technology company’s stock valued at $22,905,000 after purchasing an additional 18,600 shares during the period. Citigroup Inc. lifted its holdings in Amdocs by 8.7% during the 3rd quarter. Citigroup Inc. now owns 78,491 shares of the technology company’s stock worth $6,866,000 after purchasing an additional 6,294 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in Amdocs in the 4th quarter worth about $1,376,000. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Amdocs Stock Performance

NASDAQ:DOX opened at $90.95 on Friday. The stock has a market cap of $10.27 billion, a P/E ratio of 21.10, a PEG ratio of 1.47 and a beta of 0.68. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $87.89 and its two-hundred day moving average price is $87.33. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $93.34.

Amdocs (NASDAQ:DOX) last announced 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 net margin of 10.19% and a return on equity of 18.89%. As a group, equities analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 2.32%. 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 presently 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.