Public Employees Retirement System of Ohio Decreases Holdings in Amdocs Limited $DOX

Public Employees Retirement System of Ohio trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 53.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,607 shares of the technology company’s stock after selling 43,800 shares during the period. Public Employees Retirement System of Ohio’s holdings in Amdocs were worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management boosted its position 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 purchasing an additional 317,412 shares during the period. Alyeska Investment Group L.P. boosted its position in Amdocs by 38.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after purchasing an additional 648,693 shares during the period. American Century Companies Inc. boosted its position in Amdocs by 23.5% during the 1st quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after purchasing an additional 426,911 shares during the period. Dimensional Fund Advisors LP boosted its position in Amdocs by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,120,075 shares of the technology company’s stock worth $193,978,000 after purchasing an additional 182,489 shares during the period. Finally, AQR Capital Management LLC boosted its position in Amdocs by 43.0% during the 1st quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock worth $86,719,000 after purchasing an additional 287,243 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of DOX stock opened at $82.05 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. Amdocs Limited has a one year low of $78.61 and a one year high of $95.41. The company’s 50-day simple moving average is $85.62 and its 200-day simple moving average is $88.13. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.49 and a beta of 0.54.

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

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.527 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.6%. Amdocs’s dividend payout ratio (DPR) is presently 42.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DOX shares. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Wolfe Research started coverage on shares of Amdocs in a research report on Tuesday, July 8th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $105.33.

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.