DekaBank Deutsche Girozentrale Sells 1,400 Shares of Amdocs Limited $DOX

DekaBank Deutsche Girozentrale lowered its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 107,432 shares of the technology company’s stock after selling 1,400 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Amdocs were worth $9,852,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. raised its stake in Amdocs by 38.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after buying an additional 648,693 shares during the last quarter. American Century Companies Inc. raised its stake in Amdocs by 23.5% during the first quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after buying an additional 426,911 shares during the last quarter. Nuveen LLC bought a new position in Amdocs during the first quarter worth $36,921,000. LSV Asset Management raised its stake in Amdocs by 11.1% during the first quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock worth $291,016,000 after buying an additional 317,412 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Amdocs by 43.0% during the first quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock worth $86,719,000 after buying an additional 287,243 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DOX. Wolfe Research began coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating for the company. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Amdocs in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amdocs presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Amdocs Trading Down 0.4%

DOX opened at $83.52 on Friday. Amdocs Limited has a 1-year low of $78.61 and a 1-year 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. The company has a market cap of $9.43 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.40 and a beta of 0.51. The company has a fifty day moving average price of $84.11 and a two-hundred day moving average price of $87.35.

Amdocs (NASDAQ:DOX) last posted its quarterly 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. Analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. Amdocs’s dividend payout ratio (DPR) is currently 42.60%.

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.