O Shaughnessy Asset Management LLC Has $3.54 Million Stake in Amdocs Limited (NASDAQ:DOX)

O Shaughnessy Asset Management LLC raised its stake in Amdocs Limited (NASDAQ:DOX) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,156 shares of the technology company’s stock after buying an additional 1,292 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Amdocs were worth $3,539,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Amdocs during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new position in Amdocs during the fourth quarter worth $26,000. Norwood Financial Corp acquired a new position in Amdocs in the first quarter valued at $33,000. Central Pacific Bank Trust Division bought a new stake in Amdocs during the first quarter valued at $53,000. Finally, Riverview Trust Co acquired a new stake in Amdocs during the 1st quarter worth about $55,000. 92.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird dropped their price objective on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Citigroup cut their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.80.

Amdocs Stock Up 0.1 %

NASDAQ:DOX traded up $0.10 on Wednesday, hitting $83.15. The stock had a trading volume of 555,384 shares, compared to its average volume of 722,069. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $96.69. The business’s fifty day moving average is $79.17 and its 200 day moving average is $85.81. The company has a market cap of $9.77 billion, a PE ratio of 18.81, a P/E/G ratio of 1.47 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, equities research analysts expect that Amdocs Limited will post 5.72 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, June 28th. Amdocs’s dividend payout ratio is currently 43.15%.

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.