Russell Investments Group Ltd. Buys 12,533 Shares of Amdocs Limited $DOX

Russell Investments Group Ltd. grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 927,392 shares of the technology company’s stock after acquiring an additional 12,533 shares during the period. Russell Investments Group Ltd. owned about 0.82% of Amdocs worth $84,608,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its stake in Amdocs by 38.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock valued at $213,174,000 after buying an additional 648,693 shares during the period. American Century Companies Inc. lifted its position in shares of Amdocs by 23.5% during the 1st quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock valued at $205,219,000 after acquiring an additional 426,911 shares during the period. Nuveen LLC bought a new position in Amdocs during the first quarter worth $36,921,000. LSV Asset Management grew its holdings in Amdocs by 11.1% in the first quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock worth $291,016,000 after purchasing an additional 317,412 shares during the period. Finally, AQR Capital Management LLC increased its stake in Amdocs by 43.0% in the first quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock valued at $86,719,000 after purchasing an additional 287,243 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on DOX shares. Wolfe Research reissued a “peer perform” rating on shares of Amdocs in a research note on Thursday, November 13th. Bank of America reduced their price target on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Finally, Stifel Nicolaus decreased their target price on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

Amdocs Stock Performance

NASDAQ:DOX opened at $76.05 on Thursday. The company has a market capitalization of $8.59 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.40 and a beta of 0.51. The business has a fifty day simple moving average of $81.57 and a two-hundred day simple moving average of $86.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Amdocs Limited has a 1 year low of $74.32 and a 1 year high of $95.41.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, November 11th. The technology company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Amdocs has set its FY 2026 guidance at 7.270-7.550 EPS. Q1 2026 guidance at 1.730-1.790 EPS. On average, analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be given a $0.527 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, December 31st. Amdocs’s dividend payout ratio is 41.58%.

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.