WPG Advisers LLC Invests $111,000 in Amdocs Limited $DOX

WPG Advisers LLC purchased a new position in Amdocs Limited (NASDAQ:DOX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,214 shares of the technology company’s stock, valued at approximately $111,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in shares of Amdocs in the first quarter worth about $27,000. AdvisorNet Financial Inc lifted its stake in shares of Amdocs by 382.9% in the first quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company’s stock worth $31,000 after buying an additional 268 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Amdocs in the first quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in shares of Amdocs in the first quarter worth about $39,000. Finally, SVB Wealth LLC purchased a new position in shares of Amdocs in the first quarter worth about $43,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. Wolfe Research assumed coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $105.33.

Amdocs Price Performance

Amdocs stock opened at $85.57 on Friday. The company’s 50 day simple moving average is $88.52 and its 200-day simple moving average is $88.76. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. Amdocs Limited has a 1 year low of $78.61 and a 1 year high of $95.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.01. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $1.62 EPS. The business’s revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Amdocs’s dividend payout ratio is presently 42.80%.

Amdocs 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.