2,312 Shares in Amdocs Limited $DOX Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,312 shares of the technology company’s stock, valued at approximately $211,000.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP grew its stake in Amdocs by 42.2% in the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after buying an additional 116 shares during the last quarter. Alhambra Investment Management LLC boosted its holdings in Amdocs by 5.0% during the second quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock valued at $236,000 after acquiring an additional 124 shares during the period. MGO One Seven LLC grew its position in shares of Amdocs by 5.1% in the second quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock valued at $264,000 after purchasing an additional 140 shares during the last quarter. MAI Capital Management increased its stake in shares of Amdocs by 9.7% in the first quarter. MAI Capital Management now owns 1,625 shares of the technology company’s stock worth $149,000 after purchasing an additional 144 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Amdocs by 17.5% during the 1st quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock worth $90,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DOX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amdocs in a report on Wednesday, October 8th. Wolfe Research began coverage on shares of Amdocs in a research note on Tuesday, July 8th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $82.94 on Monday. The firm has a market capitalization of $9.36 billion, a PE ratio of 16.82, a PEG ratio of 1.38 and a beta of 0.51. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 1-year low of $78.61 and a 1-year high of $95.41. The business’s 50 day moving average is $84.41 and its 200-day moving average is $87.40.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.71 by $0.01. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $1.62 earnings per share. Amdocs’s quarterly revenue was down 8.4% compared to the same quarter last year. Sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.527 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s payout ratio is presently 42.80%.

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.