Natixis Advisors LLC Increases Position in Amdocs Limited (NASDAQ:DOX)

Natixis Advisors LLC grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,246 shares of the technology company’s stock after purchasing an additional 120 shares during the period. Natixis Advisors LLC’s holdings in Amdocs were worth $2,150,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DOX. Natixis Advisors L.P. purchased a new position in Amdocs during the fourth quarter valued at $2,357,000. Private Advisor Group LLC raised its position in shares of Amdocs by 58.7% in the 4th quarter. Private Advisor Group LLC now owns 5,491 shares of the technology company’s stock worth $483,000 after purchasing an additional 2,031 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amdocs by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 171,456 shares of the technology company’s stock worth $15,069,000 after purchasing an additional 5,211 shares in the last quarter. Principal Securities Inc. purchased a new stake in Amdocs during the 4th quarter valued at about $63,000. Finally, BNP Paribas Financial Markets grew its position in Amdocs by 44.7% during the 4th quarter. BNP Paribas Financial Markets now owns 192,958 shares of the technology company’s stock valued at $16,959,000 after purchasing an additional 59,639 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Trading Up 0.6 %

Amdocs stock opened at $85.40 on Tuesday. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The business’s fifty day moving average is $83.38 and its 200 day moving average is $84.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $10.04 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. On average, sell-side analysts predict that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. Amdocs’s payout ratio is 43.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.50.

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.