Balyasny Asset Management L.P. Has $441,000 Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Balyasny Asset Management L.P. decreased its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,184 shares of the technology company’s stock after selling 272 shares during the period. Balyasny Asset Management L.P.’s holdings in Amdocs were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DOX. Jones Financial Companies Lllp bought a new stake in Amdocs during the 4th quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $41,000. Global Retirement Partners LLC grew its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock worth $48,000 after buying an additional 175 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock worth $50,000 after buying an additional 208 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Amdocs by 121.5% in the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company’s stock valued at $57,000 after buying an additional 368 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

Amdocs Trading Up 0.8%

NASDAQ:DOX opened at $91.38 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.61. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.47 and a beta of 0.51. The business’s 50-day moving average price is $87.54 and its two-hundred day moving average price is $87.10.

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

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be issued a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 2.31%. Amdocs’s dividend payout ratio (DPR) is presently 44.21%.

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.