Traders Buy Large Volume of Amdocs Call Options (NASDAQ:DOX)

Amdocs Limited (NASDAQ:DOX) was the target of some unusual options trading on Wednesday. Stock investors acquired 9,414 call options on the stock. This represents an increase of 1,067% compared to the average volume of 807 call options.

Hedge Funds Weigh In On Amdocs

Several hedge funds have recently made changes to their positions in DOX. LSV Asset Management grew its holdings in Amdocs by 7.6% during the 3rd quarter. LSV Asset Management now owns 3,648,703 shares of the technology company’s stock valued at $299,376,000 after buying an additional 257,193 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Amdocs by 20.3% in the third quarter. New York State Common Retirement Fund now owns 554,401 shares of the technology company’s stock worth $45,489,000 after buying an additional 93,527 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Amdocs by 46.6% in the third quarter. Illinois Municipal Retirement Fund now owns 149,539 shares of the technology company’s stock worth $12,270,000 after buying an additional 47,537 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Amdocs by 11.6% in the third quarter. Alps Advisors Inc. now owns 237,883 shares of the technology company’s stock valued at $19,518,000 after acquiring an additional 24,771 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Amdocs by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 266,124 shares of the technology company’s stock valued at $24,281,000 after acquiring an additional 31,827 shares during the period. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on DOX. Barclays lowered their target price on shares of Amdocs from $111.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Stifel Nicolaus decreased their price objective on shares of Amdocs from $97.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.33.

Amdocs Stock Down 0.2%

DOX opened at $65.10 on Thursday. Amdocs has a twelve month low of $63.33 and a twelve month high of $95.41. The company’s 50-day moving average price is $70.38 and its two-hundred day moving average price is $77.35. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.15 and a beta of 0.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Amdocs had a return on equity of 20.19% and a net margin of 12.47%.The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Amdocs has set its Q2 2026 guidance at 1.730-1.790 EPS and its FY 2026 guidance at 7.270-7.550 EPS. As a group, equities analysts expect that Amdocs will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 31st will be paid a $0.569 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Amdocs’s previous quarterly dividend of $0.53. Amdocs’s dividend payout ratio (DPR) is presently 44.10%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.