D. E. Shaw & Co. Inc. Buys 223,722 Shares of Amdocs Limited (NASDAQ:DOX)

D. E. Shaw & Co. Inc. lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 69.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 547,556 shares of the technology company’s stock after acquiring an additional 223,722 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Amdocs were worth $43,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norwood Financial Corp purchased a new stake in Amdocs in the 1st quarter worth $33,000. Central Pacific Bank Trust Division bought a new position in shares of Amdocs in the first quarter worth about $53,000. Riverview Trust Co purchased a new stake in shares of Amdocs during the first quarter worth about $55,000. Quarry LP raised its stake in Amdocs by 168.9% during the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after purchasing an additional 412 shares during the period. Finally, American National Bank bought a new stake in Amdocs during the 2nd quarter valued at approximately $76,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.6 %

DOX opened at $87.83 on Friday. The company has a market capitalization of $10.32 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The firm has a 50-day simple moving average of $85.14 and a two-hundred day simple moving average of $83.91. 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 Limited has a 52 week low of $74.41 and a 52 week high of $94.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating 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 analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. Analysts forecast that Amdocs Limited will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.