3,638 Shares in Amdocs Limited (NASDAQ:DOX) Bought by MQS Management LLC

MQS Management LLC bought a new position in Amdocs Limited (NASDAQ:DOX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,638 shares of the technology company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norwood Financial Corp bought a new position in shares of Amdocs in the first quarter worth about $33,000. Central Pacific Bank Trust Division bought a new position in Amdocs in the 1st quarter worth approximately $53,000. Riverview Trust Co acquired a new position in shares of Amdocs during the first quarter worth approximately $55,000. Quarry LP boosted its position in shares of Amdocs by 168.9% in the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after acquiring an additional 412 shares during the period. Finally, Principal Securities Inc. acquired a new stake in shares of Amdocs in the fourth quarter worth $63,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amdocs currently has a consensus rating of “Buy” and a consensus price target of $102.50.

Amdocs Stock Down 1.2 %

DOX opened at $86.21 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a market capitalization of $10.13 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.52 and a beta of 0.74. 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 firm’s fifty day moving average price is $84.84 and its two-hundred day moving average price is $84.07.

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

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.22%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio is 42.92%.

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.