American Century Companies Inc. Sells 216,624 Shares of Amdocs Limited (NASDAQ:DOX)

American Century Companies Inc. lowered its position in shares of Amdocs Limited (NASDAQ:DOX) by 10.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,815,918 shares of the technology company’s stock after selling 216,624 shares during the quarter. American Century Companies Inc.’s holdings in Amdocs were worth $154,607,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Pzena Investment Management LLC grew its position in Amdocs by 4.3% in the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after purchasing an additional 270,810 shares during the period. Janus Henderson Group PLC grew its position in Amdocs by 1.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,625,875 shares of the technology company’s stock worth $579,632,000 after purchasing an additional 111,357 shares during the period. Allspring Global Investments Holdings LLC grew its position in Amdocs by 2.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company’s stock worth $274,681,000 after purchasing an additional 87,801 shares during the period. Wellington Management Group LLP grew its position in Amdocs by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,136,932 shares of the technology company’s stock worth $186,939,000 after purchasing an additional 16,580 shares during the period. Finally, Pacer Advisors Inc. grew its position in Amdocs by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company’s stock worth $154,587,000 after purchasing an additional 125,654 shares during the period. Institutional investors own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

Amdocs Trading Down 0.1 %

Shares of Amdocs stock opened at $88.27 on Friday. The company’s fifty day simple moving average is $87.21 and its 200-day simple moving average is $87.16. The stock has a market capitalization of $9.96 billion, a PE ratio of 20.48, a P/E/G ratio of 1.47 and a beta of 0.68. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, equities analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.527 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.39%. 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.