Amdocs Limited $DOX Holdings Cut by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. decreased its stake in Amdocs Limited (NASDAQ:DOX) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,881 shares of the technology company’s stock after selling 6,211 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Amdocs were worth $1,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOX. Farther Finance Advisors LLC lifted its position in Amdocs by 17.5% in the 1st quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock worth $90,000 after buying an additional 147 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Amdocs by 3.1% during the 1st quarter. Fifth Third Bancorp now owns 7,537 shares of the technology company’s stock worth $690,000 after purchasing an additional 225 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Amdocs by 18.9% during the 1st quarter. Ritholtz Wealth Management now owns 3,195 shares of the technology company’s stock worth $292,000 after purchasing an additional 507 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Amdocs during the 1st quarter worth $703,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Amdocs during the 1st quarter worth $326,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Amdocs in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wolfe Research initiated coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Amdocs Price Performance

Shares of Amdocs stock opened at $81.44 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s 50-day simple moving average is $84.73 and its 200-day simple moving average is $87.61. Amdocs Limited has a twelve month low of $78.61 and a twelve month high of $95.41. The firm has a market cap of $9.19 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $1.62 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.527 per share. This represents a $2.11 annualized dividend 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.