Entropy Technologies LP Purchases 14,374 Shares of Amdocs Limited $DOX

Entropy Technologies LP raised its position in shares of Amdocs Limited (NASDAQ:DOX) by 120.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,261 shares of the technology company’s stock after acquiring an additional 14,374 shares during the period. Entropy Technologies LP’s holdings in Amdocs were worth $2,114,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DOX. WealthCollab LLC boosted its position in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after acquiring an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Amdocs during the 4th quarter valued at approximately $37,000. Abich Financial Wealth Management LLC bought a new stake in Amdocs during the 3rd quarter valued at approximately $39,000. Los Angeles Capital Management LLC bought a new stake in Amdocs during the 4th quarter valued at approximately $39,000. Finally, Advisory Services Network LLC bought a new stake in Amdocs during the 3rd quarter valued at approximately $42,000. 92.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOX. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Cfra cut Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus dropped their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amdocs has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Performance

Shares of DOX opened at $55.90 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average price is $62.97 and its 200-day moving average price is $70.57. Amdocs Limited has a 52 week low of $55.27 and a 52 week high of $95.41. The stock has a market cap of $6.03 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.98 and a beta of 0.38.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.1%. Amdocs’s payout ratio is presently 45.60%.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.