Wedge Capital Management L L P NC Has $4.18 Million Position in Amdocs Limited $DOX

Wedge Capital Management L L P NC boosted its holdings in Amdocs Limited (NASDAQ:DOX) by 39.2% during the second quarter, HoldingsChannel.com reports. The fund owned 82,765 shares of the technology company’s stock after purchasing an additional 23,315 shares during the period. Wedge Capital Management L L P NC’s holdings in Amdocs were worth $4,183,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCollab LLC boosted its holdings in Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Amdocs in the 4th quarter worth approximately $37,000. Los Angeles Capital Management LLC acquired a new position in shares of Amdocs in the 4th quarter worth approximately $39,000. Advisory Services Network LLC bought a new position in shares of Amdocs during the 3rd quarter worth approximately $42,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Amdocs by 190.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on DOX shares. Stifel Nicolaus lowered their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Cfra cut Amdocs to a “sell” rating in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Wednesday, August 5th. KeyCorp assumed coverage on shares of Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating on the stock. Finally, Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amdocs has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Up 2.4%

NASDAQ DOX opened at $58.66 on Friday. The stock’s 50 day simple moving average is $54.05 and its 200 day simple moving average is $62.46. Amdocs Limited has a one year low of $49.74 and a one year high of $88.47. The firm has a market cap of $6.33 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.00 and a beta of 0.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.94 and a quick ratio of 0.98.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Amdocs had a return on equity of 20.28% and a net margin of 9.75%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. Amdocs has set its Q4 2026 guidance at 1.940-2.000 EPS and its FY 2026 guidance at 7.374-7.444 EPS. As a group, sell-side analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.569 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.28 annualized dividend and a yield of 3.9%. Amdocs’s dividend payout ratio is 54.29%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.