Altshuler Shaham Ltd Raises Stake in Amdocs Limited (NASDAQ:DOX)

Altshuler Shaham Ltd lifted its position in shares of Amdocs Limited (NASDAQ:DOX) by 4,015.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,866 shares of the technology company’s stock after buying an additional 10,602 shares during the period. Altshuler Shaham Ltd’s holdings in Amdocs were worth $858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norwood Financial Corp purchased a new stake in Amdocs in the first quarter valued at approximately $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of Amdocs during the 1st quarter valued at $53,000. Riverview Trust Co acquired a new stake in shares of Amdocs during the 1st quarter worth $55,000. Quarry LP raised its position in shares of Amdocs by 168.9% in the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after buying an additional 412 shares during the period. Finally, American National Bank purchased a new stake in Amdocs during the second quarter valued at about $76,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $86.21 on Monday. The business has a 50 day moving average price of $84.84 and a two-hundred day moving average price of $83.97. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The firm has a market cap of $10.13 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

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

Amdocs Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Amdocs 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.