State of Alaska Department of Revenue Sells 1,202 Shares of Amdocs Limited (NASDAQ:DOX)

State of Alaska Department of Revenue cut its holdings in Amdocs Limited (NASDAQ:DOXGet Rating) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,682 shares of the technology company’s stock after selling 1,202 shares during the period. State of Alaska Department of Revenue owned about 0.09% of Amdocs worth $9,803,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in Amdocs during the first quarter valued at $104,410,000. Pzena Investment Management LLC grew its holdings in Amdocs by 20.6% during the first quarter. Pzena Investment Management LLC now owns 6,499,823 shares of the technology company’s stock valued at $534,350,000 after purchasing an additional 1,108,489 shares during the period. Ardevora Asset Management LLP bought a new position in Amdocs during the first quarter valued at $48,709,000. Millennium Management LLC grew its holdings in Amdocs by 289.5% during the fourth quarter. Millennium Management LLC now owns 667,839 shares of the technology company’s stock valued at $49,981,000 after purchasing an additional 496,399 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Amdocs by 39.0% during the fourth quarter. Schroder Investment Management Group now owns 1,731,320 shares of the technology company’s stock valued at $129,571,000 after purchasing an additional 486,113 shares during the period. 88.11% of the stock is owned by institutional investors.

Amdocs Trading Up 1.1 %

NASDAQ:DOX opened at $81.80 on Monday. The company has a market cap of $10.72 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.47 and a beta of 0.67. The stock’s fifty day moving average price is $85.73 and its two-hundred day moving average price is $83.44. Amdocs Limited has a 1 year low of $68.33 and a 1 year high of $90.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.59 and a quick ratio of 1.59.

Amdocs (NASDAQ:DOXGet Rating) last posted its earnings results on Wednesday, August 3rd. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14. Amdocs had a return on equity of 16.37% and a net margin of 12.10%. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, analysts expect that Amdocs Limited will post 4.83 EPS for the current year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.93%. Amdocs’s dividend payout ratio (DPR) is presently 36.24%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DOX. Barclays increased their price objective on Amdocs from $89.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Citigroup increased their price objective on Amdocs from $90.00 to $99.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.33.

Amdocs Company Profile

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Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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