Kera Capital Partners Inc. acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 2,441 shares of the technology company’s stock, valued at approximately $223,000.
A number of other hedge funds and other institutional investors have also modified their holdings of DOX. Cornerstone Planning Group LLC bought a new stake in shares of Amdocs during the first quarter valued at about $27,000. AdvisorNet Financial Inc grew its holdings in Amdocs by 382.9% during the first quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock worth $31,000 after acquiring an additional 268 shares during the period. NBC Securities Inc. acquired a new position in Amdocs during the first quarter worth about $31,000. Quarry LP grew its holdings in Amdocs by 42.2% during the first quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after acquiring an additional 116 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Amdocs during the first quarter worth about $39,000. 92.02% of the stock is currently owned by institutional investors.
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Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Wolfe Research assumed coverage on Amdocs in a report on Tuesday, July 8th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $105.33.
Check Out Our Latest Stock Report on Amdocs
Amdocs Trading Down 0.4%
Shares of DOX opened at $85.00 on Monday. The business’s 50-day moving average price is $87.18 and its 200 day moving average price is $88.54. The stock has a market capitalization of $9.60 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.55 and a beta of 0.54. Amdocs Limited has a 1-year low of $78.61 and a 1-year high of $95.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.
Amdocs (NASDAQ:DOX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.Amdocs’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.
Amdocs Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.527 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s dividend payout ratio (DPR) is currently 42.60%.
Amdocs Company Profile
(Free Report)
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.
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