Mackenzie Financial Corp Buys 36,232 Shares of Amdocs Limited (NASDAQ:DOX)

Mackenzie Financial Corp increased its stake in Amdocs Limited (NASDAQ:DOX) by 39.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,521 shares of the technology company’s stock after buying an additional 36,232 shares during the quarter. Mackenzie Financial Corp’s holdings in Amdocs were worth $10,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DOX. Norwood Financial Corp bought a new stake in shares of Amdocs in the 1st quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new stake in Amdocs in the 1st quarter worth about $53,000. Riverview Trust Co bought a new stake in Amdocs in the first quarter worth about $55,000. Quarry LP boosted its position in shares of Amdocs by 168.9% during the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after buying an additional 412 shares during the period. Finally, American National Bank bought a new position in shares of Amdocs during the second quarter valued at approximately $76,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of DOX stock opened at $87.48 on Tuesday. The company has a market capitalization of $10.28 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.54 and a beta of 0.74. The company’s 50-day simple moving average is $85.24 and its two-hundred day simple moving average is $83.75. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.60 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. Amdocs’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio (DPR) is presently 42.92%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amdocs has an average rating of “Buy” and an average target price of $102.50.

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.