Aviso Financial Inc. Sells 293 Shares of Amdocs Limited (NASDAQ:DOX)

Aviso Financial Inc. trimmed its stake in Amdocs Limited (NASDAQ:DOX) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 4,799 shares of the technology company’s stock after selling 293 shares during the quarter. Aviso Financial Inc.’s holdings in Amdocs were worth $409,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in Amdocs by 8.3% in the fourth quarter. Nordea Investment Management AB now owns 1,656,055 shares of the technology company’s stock valued at $141,112,000 after acquiring an additional 127,426 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in shares of Amdocs by 204.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 14,302 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 9,600 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Amdocs by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 478,137 shares of the technology company’s stock worth $41,827,000 after purchasing an additional 9,098 shares in the last quarter. Pacer Advisors Inc. grew its stake in Amdocs by 7.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after buying an additional 125,654 shares during the last quarter. Finally, Dudley & Shanley Inc. increased its position in 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 buying an additional 18,600 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Amdocs Price Performance

NASDAQ:DOX opened at $87.99 on Friday. The firm’s fifty day moving average is $86.71 and its two-hundred day moving average is $87.05. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.47 and a beta of 0.68. 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 $93.34.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Research analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.40%. 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 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.