Y Intercept Hong Kong Ltd Boosts Stock Holdings in Amdocs Limited $DOX

Y Intercept Hong Kong Ltd raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 568.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,703 shares of the technology company’s stock after purchasing an additional 13,354 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Amdocs were worth $1,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP increased its position in Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after purchasing an additional 116 shares during the period. Alhambra Investment Management LLC boosted its holdings in shares of Amdocs by 5.0% in the 2nd quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock valued at $236,000 after buying an additional 124 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Amdocs by 2.4% in the 2nd quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock valued at $516,000 after buying an additional 133 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of Amdocs by 3.2% in the 2nd quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock valued at $397,000 after buying an additional 138 shares in the last quarter. Finally, MGO One Seven LLC boosted its holdings in shares of Amdocs by 5.1% in the 2nd quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock valued at $264,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DOX shares. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a report on Thursday. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Wolfe Research started coverage on shares of Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Amdocs Stock Up 0.5%

DOX stock opened at $84.26 on Monday. The firm has a 50 day moving average of $83.72 and a 200 day moving average of $87.48. The stock has a market capitalization of $9.51 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.40 and a beta of 0.51. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 52 week low of $78.61 and a 52 week high of $95.41.

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

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.527 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s dividend payout ratio (DPR) is 42.60%.

About Amdocs

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.