Carolina Wealth Advisors LLC Acquires 587 Shares of Amdocs Limited $DOX

Carolina Wealth Advisors LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 72,514 shares of the technology company’s stock after purchasing an additional 587 shares during the period. Amdocs makes up about 3.3% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. Carolina Wealth Advisors LLC’s holdings in Amdocs were worth $6,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Quarry LP boosted its position in shares of Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after acquiring an additional 116 shares in the last quarter. Alhambra Investment Management LLC boosted its position in shares of Amdocs by 5.0% during the 2nd quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock worth $236,000 after acquiring an additional 124 shares in the last quarter. MAI Capital Management boosted its position in shares of Amdocs by 9.7% during the 1st quarter. MAI Capital Management now owns 1,625 shares of the technology company’s stock worth $149,000 after acquiring an additional 144 shares in the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 147 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its position in shares of Amdocs by 0.4% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 38,866 shares of the technology company’s stock worth $3,556,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DOX. Wolfe Research began coverage on shares of Amdocs in a research report on Tuesday, July 8th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Amdocs in a research note on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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 $82.32 on Friday. Amdocs Limited has a twelve month low of $78.61 and a twelve month high of $95.41. The firm has a fifty day simple moving average of $85.21 and a 200 day simple moving average of $87.98. The company has a market capitalization of $9.29 billion, a PE ratio of 16.70, a P/E/G ratio of 1.37 and a beta of 0.51. 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 announced its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.01. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $1.62 earnings per share. Amdocs’s quarterly revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The company 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 dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Amdocs’s dividend payout ratio (DPR) is currently 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.