California State Teachers Retirement System Has $705,000 Stock Position in Amdocs Limited (NASDAQ:DOX)

California State Teachers Retirement System cut its stake in Amdocs Limited (NASDAQ:DOX) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,283 shares of the technology company’s stock after selling 1,139 shares during the period. California State Teachers Retirement System’s holdings in Amdocs were worth $705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOX. Alyeska Investment Group L.P. lifted its position in shares of Amdocs by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company’s stock worth $143,127,000 after purchasing an additional 781,061 shares during the period. Wellington Management Group LLP increased its position in shares of Amdocs by 25.4% during the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after buying an additional 543,490 shares during the period. Raymond James Financial Inc. bought a new position in Amdocs during the fourth quarter worth $44,494,000. Vanguard Group Inc. lifted its holdings in Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock valued at $261,756,000 after buying an additional 426,035 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Amdocs by 2,489.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company’s stock valued at $32,045,000 after acquiring an additional 361,845 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Amdocs stock opened at $93.50 on Thursday. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.47 and a beta of 0.52. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. The stock’s 50 day moving average price is $88.27 and its two-hundred day moving average price is $87.55.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Amdocs’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. On average, equities analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.25%. Amdocs’s dividend payout ratio is currently 44.21%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

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.