Vanguard Group Inc. Has $278.78 Million Holdings in Amdocs Limited $DOX

Vanguard Group Inc. lessened its stake in Amdocs Limited (NASDAQ:DOX) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,046,756 shares of the technology company’s stock after selling 27,668 shares during the quarter. Vanguard Group Inc. owned about 2.70% of Amdocs worth $278,778,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DOX. LSV Asset Management boosted its stake in Amdocs by 11.1% during the 1st quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock worth $291,016,000 after acquiring an additional 317,412 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Amdocs by 86.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company’s stock valued at $143,127,000 after purchasing an additional 781,061 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Amdocs by 4.7% during the fourth quarter. Brown Advisory Inc. now owns 938,918 shares of the technology company’s stock worth $79,939,000 after purchasing an additional 41,846 shares in the last quarter. Northern Trust Corp boosted its position in shares of Amdocs by 25.2% during the fourth quarter. Northern Trust Corp now owns 880,808 shares of the technology company’s stock worth $74,992,000 after purchasing an additional 177,061 shares in the last quarter. Finally, DigitalBridge Group Inc. grew its holdings in shares of Amdocs by 13.6% in the 4th quarter. DigitalBridge Group Inc. now owns 759,272 shares of the technology company’s stock valued at $64,644,000 after buying an additional 90,652 shares during the period. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wolfe Research began coverage on Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Amdocs presently has a consensus rating of “Buy” and an average price target of $105.33.

Amdocs Stock Up 0.0%

Shares of DOX stock opened at $87.36 on Monday. Amdocs Limited has a 12-month low of $78.61 and a 12-month high of $95.41. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $89.72 and a 200-day moving average of $88.79. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.60 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.01. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. As a group, equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Amdocs’s dividend payout ratio (DPR) is currently 42.80%.

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.