Y Intercept Hong Kong Ltd Takes Position in Amdocs Limited (NASDAQ:DOX)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the first quarter, Holdings Channel reports. The institutional investor acquired 2,349 shares of the technology company’s stock, valued at approximately $215,000.

A number of other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Amdocs by 17.5% in the first quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock valued at $90,000 after purchasing an additional 147 shares during the period. Denali Advisors LLC boosted its position in shares of Amdocs by 3.6% during the 1st quarter. Denali Advisors LLC now owns 5,810 shares of the technology company’s stock worth $532,000 after purchasing an additional 200 shares during the period. 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. Allworth Financial LP grew its holdings in shares of Amdocs by 13.2% in the first quarter. Allworth Financial LP now owns 1,829 shares of the technology company’s stock valued at $157,000 after purchasing an additional 213 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Amdocs by 3.1% in the first quarter. Fifth Third Bancorp now owns 7,537 shares of the technology company’s stock valued at $690,000 after acquiring an additional 225 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Trading Down 0.7%

Amdocs stock opened at $86.12 on Thursday. The company’s fifty day simple moving average is $90.93 and its 200-day simple moving average is $88.63. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The stock has a market cap of $9.72 billion, a P/E ratio of 18.13, 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.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 EPS for the quarter, beating 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 analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

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 $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, June 30th. Amdocs’s dividend payout ratio is currently 44.42%.

Wall Street Analysts Forecast Growth

DOX has been the topic of a number of recent analyst reports. Wolfe Research began coverage on Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Amdocs presently has an average rating of “Buy” and a consensus target price of $105.33.

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.