Atlas Capital Advisors LLC Grows Holdings in Amdocs Limited (NASDAQ:DOX)

Atlas Capital Advisors LLC raised its position in shares of Amdocs Limited (NASDAQ:DOX) by 6.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,640 shares of the technology company’s stock after purchasing an additional 160 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Amdocs were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DOX. Charles Schwab Investment Management Inc. lifted its stake in shares of Amdocs by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 166,245 shares of the technology company’s stock valued at $14,046,000 after buying an additional 1,912 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Amdocs during the third quarter valued at about $210,000. Hsbc Holdings PLC lifted its position in shares of Amdocs by 91.8% in the third quarter. Hsbc Holdings PLC now owns 36,404 shares of the technology company’s stock valued at $3,097,000 after acquiring an additional 17,424 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Amdocs in the third quarter worth about $513,000. Finally, LPL Financial LLC grew its position in shares of Amdocs by 20.1% during the third quarter. LPL Financial LLC now owns 62,043 shares of the technology company’s stock worth $5,242,000 after purchasing an additional 10,372 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Amdocs Price Performance

Amdocs stock opened at $78.35 on Friday. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $99.75. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The firm has a 50-day moving average of $80.69 and a two-hundred day moving average of $86.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Amdocs had a net margin of 10.62% and a return on equity of 17.85%. On average, research analysts forecast that Amdocs Limited will post 5.72 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, June 28th. Amdocs’s dividend payout ratio is presently 43.15%.

Analyst Ratings Changes

DOX has been the topic of a number of research analyst reports. Citigroup lowered their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, Robert W. Baird decreased their price target on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.80.

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.