Amdocs Limited $DOX Holdings Raised by USA Financial Formulas

USA Financial Formulas grew its position in Amdocs Limited (NASDAQ:DOX) by 31.4% in the second quarter, Holdings Channel.com reports. The fund owned 3,187 shares of the technology company’s stock after buying an additional 761 shares during the period. USA Financial Formulas’ holdings in Amdocs were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in DOX. AdvisorNet Financial Inc increased its holdings in shares of Amdocs by 382.9% in the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock valued at $31,000 after acquiring an additional 268 shares during the last quarter. GAMMA Investing LLC grew its stake in Amdocs by 9,960.4% during the 1st quarter. GAMMA Investing LLC now owns 80,886 shares of the technology company’s stock worth $7,401,000 after buying an additional 80,082 shares during the last quarter. Rhumbline Advisers grew its stake in Amdocs by 0.7% during the 1st quarter. Rhumbline Advisers now owns 265,394 shares of the technology company’s stock worth $24,284,000 after buying an additional 1,939 shares during the last quarter. NBC Securities Inc. bought a new position in Amdocs during the 1st quarter worth $31,000. Finally, Merit Financial Group LLC bought a new position in Amdocs during the 1st quarter worth $233,000. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Wolfe Research assumed coverage on Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Amdocs has a consensus rating of “Buy” and an average target price of $108.00.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $81.27 on Thursday. The stock has a market cap of $9.17 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.50 and a beta of 0.51. The firm’s 50-day simple moving average is $85.45 and its 200 day simple moving average is $88.08. Amdocs Limited has a fifty-two week low of $78.61 and a fifty-two week high of $95.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 earnings per share 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 the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities analysts expect that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.527 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 annualized dividend and a yield of 2.6%. Amdocs’s dividend payout ratio is presently 42.80%.

Amdocs 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.