Farther Finance Advisors LLC Buys 637 Shares of Amdocs Limited $DOX

Farther Finance Advisors LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 64.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,625 shares of the technology company’s stock after acquiring an additional 637 shares during the period. Farther Finance Advisors LLC’s holdings in Amdocs were worth $148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP grew its position in shares of Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after acquiring an additional 116 shares during the period. MAI Capital Management lifted its stake in shares of Amdocs by 9.7% during the 1st quarter. MAI Capital Management now owns 1,625 shares of the technology company’s stock valued at $149,000 after buying an additional 144 shares in the last quarter. Corbyn Investment Management Inc. MD lifted its stake in shares of Amdocs by 0.4% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 38,866 shares of the technology company’s stock valued at $3,556,000 after buying an additional 152 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Amdocs by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,247 shares of the technology company’s stock valued at $480,000 after buying an additional 177 shares in the last quarter. Finally, Denali Advisors LLC lifted its stake in shares of Amdocs by 3.6% during the 1st quarter. Denali Advisors LLC now owns 5,810 shares of the technology company’s stock valued at $532,000 after buying an additional 200 shares in the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $82.11 on Friday. The company’s fifty day moving average price is $85.32 and its 200-day moving average price is $88.04. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.35 and a beta of 0.51. Amdocs Limited has a one year low of $78.61 and a one year high of $95.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, beating 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 company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued 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 currently 42.60%.

Analyst Upgrades and Downgrades

DOX has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of Amdocs in a research note on Tuesday, July 8th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $108.00.

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.