Delphi Management Inc. MA Acquires 1,483 Shares of Amdocs Limited (NASDAQ:DOX)

Delphi Management Inc. MA lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,477 shares of the technology company’s stock after acquiring an additional 1,483 shares during the quarter. Delphi Management Inc. MA’s holdings in Amdocs were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Aristides Capital LLC lifted its holdings in Amdocs by 366.8% during the 2nd quarter. Aristides Capital LLC now owns 13,173 shares of the technology company’s stock valued at $1,040,000 after purchasing an additional 10,351 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Amdocs by 31.1% in the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock valued at $178,335,000 after purchasing an additional 536,359 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Amdocs in the second quarter valued at about $268,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Amdocs by 24.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company’s stock worth $175,000 after buying an additional 440 shares during the period. Finally, Silver Lake Advisory LLC grew its stake in Amdocs by 8.7% in the 2nd quarter. Silver Lake Advisory LLC now owns 33,285 shares of the technology company’s stock valued at $2,627,000 after buying an additional 2,660 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Down 0.4 %

Shares of DOX opened at $87.48 on Tuesday. 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 Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The firm’s 50 day moving average is $85.24 and its 200-day moving average is $83.75. The stock has a market capitalization of $10.28 billion, a PE ratio of 19.66, a P/E/G ratio of 1.54 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. Equities research analysts forecast that Amdocs Limited will post 5.67 EPS for the current 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 given a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.19%. Amdocs’s dividend payout ratio is 42.92%.

Analysts Set New Price Targets

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