Farther Finance Advisors LLC Acquires 637 Shares of Amdocs Limited $DOX

Farther Finance Advisors LLC lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 64.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,625 shares of the technology company’s stock after purchasing an additional 637 shares during the period. Farther Finance Advisors LLC’s holdings in Amdocs were worth $148,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DOX. OneDigital Investment Advisors LLC grew its holdings in Amdocs by 20.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company’s stock worth $277,000 after acquiring an additional 521 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Amdocs by 7.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company’s stock worth $616,000 after acquiring an additional 490 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Amdocs by 18.9% in the 1st quarter. Ritholtz Wealth Management now owns 3,195 shares of the technology company’s stock worth $292,000 after acquiring an additional 507 shares during the last quarter. Norden Group LLC grew its holdings in Amdocs by 26.9% in the 1st quarter. Norden Group LLC now owns 3,978 shares of the technology company’s stock worth $364,000 after acquiring an additional 843 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Amdocs by 8.9% in the 1st quarter. Mackenzie Financial Corp now owns 104,503 shares of the technology company’s stock worth $9,562,000 after acquiring an additional 8,565 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

DOX has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of Amdocs in a research report 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 Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Amdocs presently has a consensus rating of “Buy” and a consensus price target of $108.00.

Amdocs Stock Up 1.0%

Shares of Amdocs stock opened at $82.11 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $9.27 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.51. Amdocs Limited has a 52-week low of $78.61 and a 52-week high of $95.41. The company has a 50-day simple moving average of $85.32 and a two-hundred day simple moving average of $88.04.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 earnings per share. On average, analysts anticipate 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 will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.527 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.6%. Amdocs’s payout ratio is currently 42.60%.

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.