FDx Advisors Inc. acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) in the first quarter, reports HoldingsChannel.com. The fund acquired 2,508 shares of the technology company, valued at around $206,000.
A number of other institutional investors have also increased or reduced their stakes in DOX. JFS Wealth Advisors LLC increased its stake in Amdocs by 58.0% in Q1. JFS Wealth Advisors LLC now owns 425 shares of the technology company valued at $35,000 after buying an additional 156 shares in the last quarter. Denali Advisors LLC increased its stake in Amdocs by 33.3% during the 1st quarter. Denali Advisors LLC now owns 800 shares of the technology company valued at $66,000 after buying an additional 200 shares last quarter. Quadrant Capital Group LLC increased its stake in Amdocs by 39.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,346 shares of the technology company valued at $101,000 after buying 381 additional shares last quarter. Wahed Invest LLC acquired a new stake in Amdocs during Q4, valued at approximately $116,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Amdocs during Q1 worth approximately $132,000. 87.09% of the shares are held by hedge funds and other institutional investors.
Changes to analyst ratings
A number of research analysts have weighed in on DOX stocks recently. StockNews.com upgraded Amdocs shares from a “buy” rating to a “strong buy” rating in a report on Tuesday, May 24. Citigroup reduced its target price on Amdocs shares from $93.00 to $90.00 in a report Thursday, May 12. Finally, Oppenheimer reissued a “top pick” rating on Amdocs stock in a Friday, May 13, report.
Amdocs stock up 0.4%
Shares of DOX opened at $87.06 on Friday. The company has a market capitalization of $11.41 billion, a PE ratio of 19.52, a P/E/G ratio of 1.79 and a beta of 0.69. The company has a fifty-day moving average of $83.82 and a 200-day moving average of $81.29. Amdocs Limited has a 52 week low of $68.33 and a 52 week high of $88.18. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt ratio of 0.23.
Amdocs (NASDAQ:DOX – Get Rating) last released its quarterly results on Wednesday, May 11. The technology company reported earnings per share (EPS) of $1.43 for the quarter, beating analyst consensus estimates of $1.12 by $0.31. The company posted revenue of $1.15 billion in the quarter, versus a consensus estimate of $1.12 billion. Amdocs had a return on equity of 16.78% and a net margin of 12.76%. During the same period last year, the company earned earnings per share of $1.05. On average, sell-side analysts expect Amdocs Limited to post EPS of 4.77 for the current year.
Amdocs Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 29. Investors of record on Thursday, June 30 received a dividend of $0.395. The ex-dividend date was Wednesday, June 29. This represents a dividend of $1.58 on an annualized basis and a yield of 1.81%. Amdocs’ dividend payout ratio is currently 35.43%.
Amdocs Company Profile
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Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports and markets an open and modular cloud portfolio. It provides CES21, an industry-leading customer experience suite powered by 5G and cloud-native microservices that enables service providers to build, deliver and monetize advanced services; the Commerce and Care Suite for capturing, managing and engaging customers; monetization suite for billing, invoicing, policies and revenue management; Intelligent networking suite with a set of modular, flexible and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native enterprise ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecommunications brands and small service providers; and eSIM Cloud for service providers.
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