DekaBank Deutsche Girozentrale Buys 15,034 Shares of Amdocs Limited (NASDAQ:DOX)

DekaBank Deutsche Girozentrale raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,832 shares of the technology company’s stock after purchasing an additional 15,034 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Amdocs worth $9,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Amdocs by 35.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 243,950 shares of the technology company’s stock valued at $22,046,000 after purchasing an additional 64,200 shares during the last quarter. Cetera Advisors LLC grew its position in Amdocs by 200.6% during the first quarter. Cetera Advisors LLC now owns 22,548 shares of the technology company’s stock valued at $2,038,000 after acquiring an additional 15,046 shares during the last quarter. Cetera Investment Advisers grew its position in Amdocs by 124.2% during the first quarter. Cetera Investment Advisers now owns 55,083 shares of the technology company’s stock valued at $4,978,000 after acquiring an additional 30,513 shares during the last quarter. Delphi Management Inc. MA raised its stake in shares of Amdocs by 17.2% during the first quarter. Delphi Management Inc. MA now owns 19,994 shares of the technology company’s stock worth $1,807,000 after acquiring an additional 2,939 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Amdocs by 432.8% in the 1st quarter. Tidal Investments LLC now owns 103,182 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 83,817 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 0.6 %

Shares of NASDAQ:DOX traded down $0.48 during midday trading on Friday, hitting $85.62. 476,059 shares of the stock traded hands, compared to its average volume of 653,204. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $10.06 billion, a PE ratio of 19.24, a P/E/G ratio of 1.52 and a beta of 0.73. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The business’s 50 day moving average is $79.89 and its two-hundred day moving average is $85.60.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.05). Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. As a group, research analysts forecast that Amdocs Limited will post 5.72 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, June 28th were given a $0.479 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. Amdocs’s dividend payout ratio is 43.15%.

Analyst Ratings Changes

DOX has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Robert W. Baird decreased their price objective on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Amdocs has a consensus rating of “Moderate Buy” and an average target price 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.