Y Intercept Hong Kong Ltd Acquires 13,354 Shares of Amdocs Limited $DOX

Y Intercept Hong Kong Ltd raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 568.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,703 shares of the technology company’s stock after purchasing an additional 13,354 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Amdocs were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Alyeska Investment Group L.P. lifted its holdings in shares of Amdocs by 38.6% in 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 acquiring an additional 648,693 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Amdocs by 23.5% in the 1st quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after acquiring an additional 426,911 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amdocs in the 1st quarter worth about $36,921,000. LSV Asset Management lifted its holdings in shares of Amdocs by 11.1% in 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. Finally, AQR Capital Management LLC lifted its holdings in shares of Amdocs by 43.0% in the 1st quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock worth $86,719,000 after acquiring an additional 287,243 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Up 0.5%

DOX stock opened at $84.26 on Monday. The company has a market capitalization of $9.51 billion, a PE ratio of 17.09, a P/E/G ratio of 1.40 and a beta of 0.51. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The firm’s 50-day moving average is $83.72 and its 200 day moving average is $87.48. 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 posted 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. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. On average, research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.527 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s dividend payout ratio (DPR) is 42.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DOX. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a report on Thursday. Finally, Wolfe Research began coverage on shares of Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

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.