Running Oak Capital LLC Purchases 16,538 Shares of Amdocs Limited (NASDAQ:DOX)

Running Oak Capital LLC lifted its position in Amdocs Limited (NASDAQ:DOX) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,551 shares of the technology company’s stock after buying an additional 16,538 shares during the quarter. Amdocs comprises approximately 1.9% of Running Oak Capital LLC’s holdings, making the stock its 17th biggest position. Running Oak Capital LLC owned approximately 0.15% of Amdocs worth $15,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. lifted its holdings in Amdocs by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company’s stock valued at $143,127,000 after purchasing an additional 781,061 shares during the last quarter. Wellington Management Group LLP boosted its position in Amdocs by 25.4% during the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock worth $228,211,000 after purchasing an additional 543,490 shares during the period. Raymond James Financial Inc. bought a new position in Amdocs during the fourth quarter worth $44,494,000. Vanguard Group Inc. boosted its position in Amdocs by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock worth $261,756,000 after purchasing an additional 426,035 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Amdocs by 2,489.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 376,383 shares of the technology company’s stock worth $32,045,000 after purchasing an additional 361,845 shares during the period. 92.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

Amdocs Trading Down 1.2%

DOX stock opened at $91.23 on Friday. The company has a fifty day moving average price of $89.85 and a two-hundred day moving average price of $87.85. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.51 and a beta of 0.52. Amdocs Limited has a one year low of $77.17 and a one year high of $94.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. Amdocs’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 earnings per share. Equities analysts anticipate that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, June 30th will be given a $0.527 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.31%. Amdocs’s payout ratio is presently 44.42%.

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.