Y Intercept Hong Kong Ltd Invests $3.96 Million in Amdocs Limited $DOX

Y Intercept Hong Kong Ltd acquired a new position in shares of Amdocs Limited (NASDAQ:DOX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 60,764 shares of the technology company’s stock, valued at approximately $3,965,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Amdocs as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Scotia Capital Inc. increased its position in shares of Amdocs by 3.5% during the third quarter. Scotia Capital Inc. now owns 4,289 shares of the technology company’s stock worth $352,000 after purchasing an additional 145 shares in the last quarter. WealthCollab LLC boosted its position in shares of Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares in the last quarter. Blair William & Co. IL grew its stake in Amdocs by 5.5% during the 3rd quarter. Blair William & Co. IL now owns 3,393 shares of the technology company’s stock worth $278,000 after buying an additional 177 shares during the last quarter. Two Point Capital Management Inc. grew its stake in Amdocs by 0.7% during the 4th quarter. Two Point Capital Management Inc. now owns 28,978 shares of the technology company’s stock worth $2,333,000 after buying an additional 191 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Amdocs by 2.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,634 shares of the technology company’s stock valued at $790,000 after buying an additional 204 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DOX. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. KeyCorp assumed coverage on shares of Amdocs in a report on Monday, June 29th. They set a “sector weight” rating on the stock. Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus dropped their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Stock Performance

DOX opened at $51.75 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 12-month low of $49.79 and a 12-month high of $93.44. The firm has a 50 day moving average of $59.12 and a two-hundred day moving average of $68.11. The firm has a market capitalization of $5.59 billion, a PE ratio of 10.35, a P/E/G ratio of 0.90 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. Amdocs’s dividend payout ratio (DPR) is presently 45.60%.

Amdocs Profile

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.