Short Interest in Amdocs Limited (NASDAQ:DOX) Expands By 5.2%

Amdocs Limited (NASDAQ:DOX) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,810,000 shares, an increase of 5.2% from the August 31st total of 2,670,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 653,400 shares, the days-to-cover ratio is presently 4.3 days.

Institutional Trading of Amdocs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in Amdocs in the second quarter worth $1,418,000. Delphi Management Inc. MA boosted its stake in shares of Amdocs by 7.4% in the 2nd quarter. Delphi Management Inc. MA now owns 21,477 shares of the technology company’s stock valued at $1,695,000 after purchasing an additional 1,483 shares in the last quarter. Aristides Capital LLC grew its position in shares of Amdocs by 366.8% during the 2nd quarter. Aristides Capital LLC now owns 13,173 shares of the technology company’s stock worth $1,040,000 after buying an additional 10,351 shares during the period. Brandes Investment Partners LP increased its stake in Amdocs by 31.1% in the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock valued at $178,335,000 after purchasing an additional 536,359 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Amdocs in the second quarter worth $268,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Amdocs Stock Up 0.5 %

DOX traded up $0.41 during midday trading on Tuesday, hitting $87.89. 249,666 shares of the company’s stock traded hands, compared to its average volume of 694,462. The company has a market cap of $10.33 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The stock’s fifty day simple moving average is $85.32 and its 200-day simple moving average is $83.71. 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 has a one year low of $74.41 and a one year high of $94.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Amdocs will post 5.67 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a dividend of $0.479 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.18%. Amdocs’s payout ratio is 42.92%.

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.