Henry James International Management Inc. Cuts Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Henry James International Management Inc. lessened its holdings in Amdocs Limited (NASDAQ:DOX) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,694 shares of the technology company’s stock after selling 443 shares during the period. Henry James International Management Inc.’s holdings in Amdocs were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financiere des Professionnels Fonds d investissement inc. grew its stake in Amdocs by 1.3% in the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 9,790 shares of the technology company’s stock valued at $860,000 after purchasing an additional 130 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Amdocs by 6.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,448 shares of the technology company’s stock worth $207,000 after acquiring an additional 145 shares in the last quarter. CI Investments Inc. lifted its position in Amdocs by 0.7% during the third quarter. CI Investments Inc. now owns 21,000 shares of the technology company’s stock valued at $1,774,000 after acquiring an additional 152 shares during the last quarter. Balentine LLC boosted its stake in Amdocs by 5.3% in the third quarter. Balentine LLC now owns 3,050 shares of the technology company’s stock valued at $258,000 after acquiring an additional 153 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in Amdocs by 9.8% in the third quarter. Wahed Invest LLC now owns 1,870 shares of the technology company’s stock worth $158,000 after purchasing an additional 167 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup increased their price objective on Amdocs from $96.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Barclays boosted their price target on Amdocs from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $108.60.

Amdocs Stock Performance

Shares of NASDAQ DOX traded up $0.26 during mid-day trading on Friday, hitting $83.90. The stock had a trading volume of 660,338 shares, compared to its average volume of 592,389. The company has a 50 day moving average of $88.95 and a two-hundred day moving average of $87.39. Amdocs Limited has a twelve month low of $78.38 and a twelve month high of $99.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $9.86 billion, a PE ratio of 17.97, a PEG ratio of 1.36 and a beta of 0.70.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Amdocs Limited will post 5.87 EPS for the current fiscal year.

Amdocs Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, March 29th were issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Amdocs’s previous quarterly dividend of $0.44. Amdocs’s dividend payout ratio (DPR) is 41.11%.

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.