Susquehanna Portfolio Strategies LLC Sells 15,030 Shares of Amdocs Limited (NASDAQ:DOX)

Susquehanna Portfolio Strategies LLC cut its stake in Amdocs Limited (NASDAQ:DOX) by 13.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,873 shares of the technology company’s stock after selling 15,030 shares during the quarter. Susquehanna Portfolio Strategies LLC owned 0.08% of Amdocs worth $7,566,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wasatch Advisors LP bought a new stake in Amdocs during the 1st quarter worth approximately $1,943,000. Royal London Asset Management Ltd. increased its stake in Amdocs by 1.9% during the 4th 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 purchasing an additional 14,205 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Amdocs by 7.9% during the 1st 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 during the last quarter. Finally, Boston Trust Walden Corp boosted its position in Amdocs by 17.0% during the 2nd 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 last quarter. 92.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Amdocs Trading Up 0.6 %

NASDAQ:DOX opened at $87.83 on Friday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $85.14 and a two-hundred day moving average price of $83.91. The company has a market cap of $10.32 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.60 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. As a group, analysts expect that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Dividend Announcement

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

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.