Signature Estate & Investment Advisors LLC Raises Holdings in Amdocs Limited $DOX

Signature Estate & Investment Advisors LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 362.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,985 shares of the technology company’s stock after acquiring an additional 89,362 shares during the quarter. Signature Estate & Investment Advisors LLC owned 0.10% of Amdocs worth $10,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in shares of Amdocs in the 1st quarter worth approximately $27,000. AdvisorNet Financial Inc grew its position in shares of Amdocs by 382.9% in the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock worth $31,000 after buying an additional 268 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Amdocs in the 1st quarter worth approximately $31,000. Quarry LP grew its position in shares of Amdocs by 42.2% in the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after buying an additional 116 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Amdocs in the 1st quarter valued at approximately $39,000. 92.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DOX has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Amdocs in a research note on Tuesday, July 8th. They issued an “outperform” rating for the company. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $105.33.

Amdocs Stock Up 1.7%

Shares of NASDAQ:DOX opened at $86.00 on Monday. The stock has a fifty day simple moving average of $87.87 and a two-hundred day simple moving average of $88.65. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.57 and a beta of 0.54. Amdocs Limited has a 12-month low of $78.61 and a 12-month high of $95.41. 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 (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. On average, research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Amdocs’s dividend payout ratio (DPR) 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.