Amdocs Limited (NASDAQ:DOX) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd cut its stake in shares of Amdocs Limited (NASDAQ:DOX) by 73.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,729 shares of the technology company’s stock after selling 26,243 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Amdocs were worth $768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOX. Norwood Financial Corp acquired a new position in Amdocs during the 1st quarter worth approximately $33,000. Central Pacific Bank Trust Division acquired a new position in Amdocs during the first quarter worth $53,000. Riverview Trust Co acquired a new stake in Amdocs in the first quarter valued at $55,000. Quarry LP boosted its position in shares of Amdocs by 168.9% during the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after purchasing an additional 412 shares in the last quarter. Finally, American National Bank acquired a new position in shares of Amdocs during the 2nd quarter worth $76,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Stock Up 1.7 %

DOX opened at $87.34 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. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.54 and a beta of 0.74. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The business’s fifty day moving average is $85.07 and its two-hundred day moving average is $83.89.

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. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts anticipate that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.19%. Amdocs’s dividend payout ratio (DPR) is 42.92%.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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 given a strong buy rating to the stock. According to MarketBeat, Amdocs has a consensus rating of “Buy” and a consensus 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.