Cascade Investment Advisors Inc. Acquires 225 Shares of Amdocs Limited (NASDAQ:DOX)

Cascade Investment Advisors Inc. grew its holdings in shares of Amdocs Limited (NASDAQ:DOXGet Rating) by 1.5% in the 4th quarter, Holdings reports. The fund owned 15,080 shares of the technology company’s stock after purchasing an additional 225 shares during the period. Cascade Investment Advisors Inc.’s holdings in Amdocs were worth $1,129,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Amdocs during the fourth quarter valued at $27,000. Dark Forest Capital Management LP acquired a new stake in shares of Amdocs during the third quarter worth $30,000. IFP Advisors Inc increased its position in shares of Amdocs by 197.2% during the fourth quarter. IFP Advisors Inc now owns 633 shares of the technology company’s stock worth $48,000 after buying an additional 420 shares during the period. Quadrant Capital Group LLC increased its position in shares of Amdocs by 39.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,346 shares of the technology company’s stock worth $101,000 after buying an additional 381 shares during the period. Finally, Creative Planning acquired a new stake in shares of Amdocs during the third quarter worth $220,000. 87.09% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on DOX. Oppenheimer reiterated a “top pick” rating on shares of Amdocs in a research report on Friday. Citigroup decreased their price objective on shares of Amdocs from $93.00 to $90.00 in a research report on Thursday. Finally, upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 24th.

NASDAQ:DOX traded down $0.56 during trading hours on Friday, reaching $82.37. The company had a trading volume of 1,002,041 shares, compared to its average volume of 619,742. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.23. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.63 and a beta of 0.71. The business’s 50-day simple moving average is $81.23 and its two-hundred day simple moving average is $77.42. Amdocs Limited has a twelve month low of $68.33 and a twelve month high of $84.50.

Amdocs (NASDAQ:DOXGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The technology company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.29. Amdocs had a net margin of 12.76% and a return on equity of 16.75%. During the same period in the previous year, the business earned $1.05 earnings per share. As a group, equities analysts predict that Amdocs Limited will post 4.71 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, June 29th. Amdocs’s payout ratio is 35.43%.

Amdocs Profile (Get Rating)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; 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; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.

Further Reading

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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