Amdocs Limited (NASDAQ:DOX) Holdings Lifted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its position in shares of Amdocs Limited (NASDAQ:DOX) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,325 shares of the technology company’s stock after buying an additional 437 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Amdocs were worth $363,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DOX. Norwood Financial Corp purchased a new stake in Amdocs in the 1st quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new stake in Amdocs in the 1st quarter worth about $53,000. Riverview Trust Co purchased a new stake in Amdocs in the 1st quarter worth about $55,000. Quarry LP lifted its stake in Amdocs by 168.9% in the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after acquiring an additional 412 shares in the last quarter. Finally, American National Bank purchased a new stake in Amdocs in the 2nd quarter worth about $76,000. Institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

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

Amdocs Stock Performance

DOX opened at $87.83 on Monday. The stock has a market cap of $10.32 billion, a PE ratio of 19.74, a P/E/G ratio of 1.54 and a beta of 0.74. 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 1 year low of $74.41 and a 1 year high of $94.04. The stock’s 50 day simple moving average is $85.24 and its 200-day simple moving average is $83.81.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business posted $1.41 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Dividend Announcement

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

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.