Amdocs Limited $DOX Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lessened its position in shares of Amdocs Limited (NASDAQ:DOX) by 27.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,700 shares of the technology company’s stock after selling 3,700 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Amdocs were worth $885,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pzena Investment Management LLC grew its holdings in Amdocs by 2.1% in the second quarter. Pzena Investment Management LLC now owns 6,551,065 shares of the technology company’s stock valued at $597,719,000 after purchasing an additional 132,463 shares during the period. LSV Asset Management lifted its position in shares of Amdocs by 11.1% during the 1st quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock valued at $291,016,000 after buying an additional 317,412 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Amdocs by 38.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock valued at $213,174,000 after acquiring an additional 648,693 shares during the period. American Century Companies Inc. increased its holdings in Amdocs by 23.5% in the 1st quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after acquiring an additional 426,911 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Amdocs by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,120,075 shares of the technology company’s stock worth $193,978,000 after acquiring an additional 182,489 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DOX shares. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $108.00.

Amdocs Stock Up 1.1%

Shares of NASDAQ DOX opened at $84.57 on Friday. The stock has a market cap of $9.55 billion, a PE ratio of 17.15, a P/E/G ratio of 1.40 and a beta of 0.51. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 12-month low of $78.61 and a 12-month high of $95.41. The company has a 50-day moving average of $83.50 and a 200 day moving average of $87.48.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.01. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Company 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.