Pacer Advisors Inc. Grows Position in Amdocs Limited (NASDAQ:DOX)

Pacer Advisors Inc. increased its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 36.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,675,784 shares of the technology company’s stock after purchasing an additional 444,966 shares during the quarter. Pacer Advisors Inc.’s holdings in Amdocs were worth $132,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP purchased a new position in shares of Amdocs during the first quarter worth $1,943,000. Royal London Asset Management Ltd. lifted its position in shares of Amdocs by 1.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 64,632 shares of the technology company’s stock worth $5,681,000 after purchasing an additional 1,217 shares in the last quarter. Running Oak Capital LLC increased its stake in Amdocs by 15.0% during the 1st quarter. Running Oak Capital LLC now owns 108,734 shares of the technology company’s stock worth $9,826,000 after buying an additional 14,205 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Amdocs by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock worth $16,030,000 after acquiring an additional 12,178 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of Amdocs by 17.0% during the second quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock worth $48,803,000 after acquiring an additional 89,726 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Amdocs Price Performance

Shares of DOX opened at $86.21 on Friday. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.52 and a beta of 0.74. The firm’s fifty day simple moving average is $84.84 and its 200-day simple moving average is $84.07. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last posted its quarterly 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 company 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%. Amdocs’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. Equities analysts forecast that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

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