Amdocs Limited (NASDAQ:DOX) Stake Decreased by OLD National Bancorp IN

OLD National Bancorp IN lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,561 shares of the technology company’s stock after selling 328 shares during the period. OLD National Bancorp IN’s holdings in Amdocs were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DOX. Vanguard Group Inc. increased its stake in shares of Amdocs by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,457,368 shares of the technology company’s stock valued at $128,088,000 after acquiring an additional 20,283 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Amdocs during the fourth quarter valued at approximately $244,000. Gateway Investment Advisers LLC acquired a new position in shares of Amdocs during the first quarter valued at approximately $270,000. Atlas Capital Advisors LLC increased its stake in shares of Amdocs by 6.5% during the first quarter. Atlas Capital Advisors LLC now owns 2,640 shares of the technology company’s stock valued at $239,000 after acquiring an additional 160 shares during the period. Finally, Janiczek Wealth Management LLC increased its stake in shares of Amdocs by 13.6% during the first quarter. Janiczek Wealth Management LLC now owns 3,302 shares of the technology company’s stock valued at $299,000 after acquiring an additional 396 shares during the period. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 0.0 %

Amdocs stock opened at $89.65 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The firm’s 50 day moving average price is $86.86 and its two-hundred day moving average price is $83.57.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $1.41 EPS. The company’s revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Monday, September 30th. Amdocs’s dividend payout ratio is 42.92%.

Analyst Ratings Changes

DOX has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective on the stock. StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $102.00.

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.