Voya Investment Management LLC Decreases Holdings in Amdocs Limited $DOX

Voya Investment Management LLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,079 shares of the technology company’s stock after selling 3,912 shares during the quarter. Voya Investment Management LLC owned 0.09% of Amdocs worth $9,432,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC raised its stake in shares of Amdocs by 20.8% during the first quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company’s stock worth $277,000 after acquiring an additional 521 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Amdocs by 17.5% in the first quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock worth $90,000 after buying an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Amdocs by 7.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company’s stock worth $616,000 after buying an additional 490 shares during the period. Ritholtz Wealth Management increased its stake in shares of Amdocs by 18.9% in the first quarter. Ritholtz Wealth Management now owns 3,195 shares of the technology company’s stock worth $292,000 after buying an additional 507 shares during the period. Finally, Norden Group LLC increased its stake in shares of Amdocs by 26.9% in the first quarter. Norden Group LLC now owns 3,978 shares of the technology company’s stock worth $364,000 after buying an additional 843 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Wolfe Research assumed coverage on shares of Amdocs in a research note on Tuesday, July 8th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $105.33.

Amdocs Stock Performance

NASDAQ:DOX opened at $83.98 on Wednesday. The stock has a market cap of $9.48 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.54 and a beta of 0.54. The firm’s fifty day simple moving average is $86.85 and its 200 day simple moving average is $88.49. Amdocs Limited has a twelve month low of $78.61 and a twelve month high of $95.41. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

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

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. Amdocs’s payout ratio is 42.80%.

About Amdocs

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.