Entropy Technologies LP Buys 15,496 Shares of Amdocs Limited $DOX

Entropy Technologies LP increased its stake in Amdocs Limited (NASDAQ:DOX) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,757 shares of the technology company’s stock after purchasing an additional 15,496 shares during the period. Entropy Technologies LP’s holdings in Amdocs were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its holdings in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Amdocs during the fourth quarter worth about $37,000. Los Angeles Capital Management LLC bought a new position in shares of Amdocs during the fourth quarter worth about $39,000. Advisory Services Network LLC bought a new position in shares of Amdocs during the third quarter worth about $42,000. Finally, CIBC Private Wealth Group LLC raised its position in Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after buying an additional 390 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $52.10 on Monday. Amdocs Limited has a twelve month low of $49.74 and a twelve month high of $90.29. The business’s 50 day moving average price is $55.64 and its two-hundred day moving average price is $65.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.62 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.91 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. Amdocs’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. On average, analysts predict that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.569 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is 45.60%.

Analyst Ratings Changes

Several research firms have commented on DOX. KeyCorp started coverage on Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating on the stock. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Cfra lowered shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus reduced their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.67.

Amdocs Company Profile

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.