Creative Planning Purchases 6,069 Shares of Amdocs Limited (NASDAQ:DOX)

Creative Planning boosted its position in Amdocs Limited (NASDAQ:DOX) by 122.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,007 shares of the technology company’s stock after purchasing an additional 6,069 shares during the quarter. Creative Planning’s holdings in Amdocs were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOX. Natixis Advisors LLC boosted its position in shares of Amdocs by 0.4% in the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. grew its position in shares of Amdocs by 2.3% during the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after purchasing an additional 129 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Amdocs by 1.5% during the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after purchasing an additional 139 shares during the period. First Affirmative Financial Network raised its position in shares of Amdocs by 5.4% in the first quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock valued at $279,000 after buying an additional 157 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its stake in shares of Amdocs by 6.5% in the first quarter. Atlas Capital Advisors LLC now owns 2,640 shares of the technology company’s stock valued at $239,000 after buying an additional 160 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a report on Thursday. Stifel Nicolaus began coverage on shares of Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $102.00.

Amdocs Trading Up 0.5 %

Shares of DOX opened at $88.25 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.42 and a beta of 0.74. The business’s fifty day moving average is $85.64 and its 200-day moving average is $83.60.

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

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be given a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.17%. Amdocs’s dividend payout ratio is currently 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.