Banque Cantonale Vaudoise bought a new position in shares of Amdocs Limited (NASDAQ:DOX – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 21,266 shares of the technology company’s stock, valued at approximately $1,946,000.
A number of other large investors have also recently made changes to their positions in DOX. Norden Group LLC increased its stake in Amdocs by 26.9% in the first quarter. Norden Group LLC now owns 3,978 shares of the technology company’s stock valued at $364,000 after purchasing an additional 843 shares during the last quarter. Mackenzie Financial Corp increased its stake in Amdocs by 8.9% in the first quarter. Mackenzie Financial Corp now owns 104,503 shares of the technology company’s stock valued at $9,562,000 after purchasing an additional 8,565 shares during the last quarter. LPL Financial LLC increased its stake in Amdocs by 5.2% in the first quarter. LPL Financial LLC now owns 129,414 shares of the technology company’s stock valued at $11,841,000 after purchasing an additional 6,399 shares during the last quarter. Councilmark Asset Management LLC purchased a new position in Amdocs in the first quarter valued at approximately $205,000. Finally, HB Wealth Management LLC boosted its holdings in shares of Amdocs by 35.5% in the first quarter. HB Wealth Management LLC now owns 5,202 shares of the technology company’s stock valued at $476,000 after acquiring an additional 1,363 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on DOX shares. Wolfe Research started coverage on Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $105.33.
Amdocs Price Performance
Shares of NASDAQ DOX opened at $86.12 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a fifty day moving average price of $90.93 and a 200 day moving average price of $88.63. Amdocs Limited has a 1-year low of $78.61 and a 1-year high of $95.41. The company has a market cap of $9.72 billion, a PE ratio of 18.13, a P/E/G ratio of 1.43 and a beta of 0.52.
Amdocs (NASDAQ:DOX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.56 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. Sell-side analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.
Amdocs Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, June 30th were issued a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Monday, June 30th. Amdocs’s dividend payout ratio is presently 44.42%.
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.
See Also
- Five stocks we like better than Amdocs
- Insider Trades May Not Tell You What You Think
- Visa Beats Q3 Earnings Expectations, So Why Did the Market Panic?
- What is a penny stock? A comprehensive guide
- How Marvell Went From Short Target to Breakout Star
- What is the FTSE 100 index?
- Palo Alto Networks: The All‑in‑One Cybersecurity Powerhouse
Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX – Free Report).
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.