Evexia Wealth LLC Has $3.36 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Evexia Wealth LLC trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,327 shares of the technology company’s stock after selling 181 shares during the quarter. Amdocs makes up about 1.2% of Evexia Wealth LLC’s portfolio, making the stock its 29th largest holding. Evexia Wealth LLC’s holdings in Amdocs were worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock worth $31,000 after purchasing an additional 268 shares in the last quarter. NBC Securities Inc. acquired a new position in Amdocs in the 1st quarter valued at approximately $31,000. Jones Financial Companies Lllp acquired a new position in Amdocs in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new position in Amdocs in the 4th quarter valued at approximately $41,000. Finally, Global Retirement Partners LLC increased its position in Amdocs by 45.6% in the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company’s stock valued at $48,000 after acquiring an additional 175 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Trading Up 1.4%

Shares of NASDAQ DOX opened at $92.28 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.61. The firm has a 50 day moving average price of $88.12 and a two-hundred day moving average price of $87.35. The stock has a market cap of $10.42 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. Amdocs had a net margin of 10.19% and a return on equity of 18.89%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company posted $1.56 EPS. The company’s revenue was down 9.4% on a year-over-year basis. As a group, equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, June 30th. Amdocs’s dividend payout ratio is currently 44.21%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday.

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.