denkapparat Operations GmbH bought a new stake in shares of Amdocs Limited (NASDAQ:DOX – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,256 shares of the technology company’s stock, valued at approximately $297,000.
Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in Amdocs by 42.2% in the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after buying an additional 116 shares during the period. Alhambra Investment Management LLC increased its position in shares of Amdocs by 5.0% during the second quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock worth $236,000 after acquiring an additional 124 shares during the period. William Blair Investment Management LLC raised its stake in shares of Amdocs by 2.4% during the second quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock valued at $516,000 after acquiring an additional 133 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of Amdocs by 3.2% in the second quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock valued at $397,000 after purchasing an additional 138 shares during the period. Finally, MGO One Seven LLC boosted its holdings in shares of Amdocs by 5.1% in the second quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock valued at $264,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.
Amdocs Stock Down 7.9%
Shares of Amdocs stock opened at $77.36 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $8.73 billion, a P/E ratio of 15.69, a PEG ratio of 1.40 and a beta of 0.51. The firm’s 50 day moving average price is $83.34 and its 200-day moving average price is $87.41. Amdocs Limited has a 52-week low of $76.50 and a 52-week high of $95.41.
Amdocs Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, December 31st. Amdocs’s payout ratio is 42.60%.
Analyst Ratings Changes
DOX has been the topic of several research reports. Bank of America reduced their price objective on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Stifel Nicolaus lowered their price objective on shares of Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.67.
Read Our Latest Stock Report on DOX
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.
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