Seizert Capital Partners LLC Purchases 1,860 Shares of Amdocs Limited (NASDAQ:DOX)

Seizert Capital Partners LLC raised its position in Amdocs Limited (NASDAQ:DOX) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,934 shares of the technology company’s stock after buying an additional 1,860 shares during the quarter. Amdocs comprises about 2.3% of Seizert Capital Partners LLC’s holdings, making the stock its 16th largest position. Seizert Capital Partners LLC owned about 0.48% of Amdocs worth $49,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DOX. Vanguard Group Inc. raised its stake in shares of Amdocs by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock valued at $261,756,000 after purchasing an additional 426,035 shares during the period. Wellington Management Group LLP raised its stake in shares of Amdocs by 25.4% during the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock valued at $228,211,000 after purchasing an additional 543,490 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Amdocs by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company’s stock valued at $143,127,000 after purchasing an additional 781,061 shares during the period. Geode Capital Management LLC raised its stake in shares of Amdocs by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,672,193 shares of the technology company’s stock valued at $143,262,000 after purchasing an additional 38,460 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Amdocs by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 979,861 shares of the technology company’s stock valued at $83,426,000 after purchasing an additional 242,093 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOX. Wolfe Research began coverage on Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Amdocs currently has a consensus rating of “Buy” and a consensus target price of $105.33.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $86.74 on Wednesday. The firm has a market capitalization of $9.79 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.43 and a beta of 0.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $91.05 and its two-hundred day simple moving average is $88.65. Amdocs Limited has a twelve month low of $78.61 and a twelve month high of $95.41.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company earned $1.56 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, June 30th were given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Monday, June 30th. Amdocs’s payout ratio is 44.21%.

Amdocs Company 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.