Foster & Motley Inc. Grows Holdings in Amdocs Limited (NASDAQ:DOX)

Foster & Motley Inc. raised its position in Amdocs Limited (NASDAQ:DOX) by 21.5% in the first quarter, Holdings Channel reports. The institutional investor owned 37,830 shares of the technology company’s stock after purchasing an additional 6,684 shares during the period. Foster & Motley Inc.’s holdings in Amdocs were worth $3,461,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in Amdocs in the 1st quarter valued at about $27,000. AdvisorNet Financial Inc boosted its position in shares of 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 buying an additional 268 shares during the period. NBC Securities Inc. acquired a new stake in shares of Amdocs in the first quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new position in Amdocs during the 1st quarter worth about $39,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Amdocs by 55.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company’s stock valued at $50,000 after acquiring an additional 208 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of DOX opened at $86.12 on Thursday. Amdocs Limited has a twelve month low of $78.61 and a twelve month high of $95.41. The firm’s fifty day simple moving average is $90.93 and its 200-day simple moving average is $88.63. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.43 and a beta of 0.52. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data 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 11.39% and a return on equity of 19.52%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned $1.56 EPS. The company’s revenue was down 9.4% on a year-over-year basis. Equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, June 30th were given a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, June 30th. Amdocs’s dividend payout ratio (DPR) is 44.42%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DOX. Wolfe Research started coverage on shares of Amdocs in a research note on Tuesday, July 8th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $105.33.

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.