Amdocs Limited (NASDAQ:DOX) Shares Purchased by LSV Asset Management

LSV Asset Management boosted its stake in Amdocs Limited (NASDAQ:DOX) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,207,155 shares of the technology company’s stock after acquiring an additional 234,096 shares during the quarter. LSV Asset Management owned 2.73% of Amdocs worth $253,109,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in DOX. Norwood Financial Corp acquired a new stake in Amdocs in the 1st quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new stake in Amdocs in the 1st quarter valued at $53,000. Riverview Trust Co acquired a new stake in Amdocs in the 1st quarter valued at $55,000. Quarry LP grew its stake in Amdocs by 168.9% in the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after acquiring an additional 412 shares during the period. Finally, Principal Securities Inc. acquired a new stake in Amdocs in the 4th quarter valued at $63,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

DOX stock traded down $0.76 during midday trading on Friday, reaching $84.91. The stock had a trading volume of 371,691 shares, compared to its average volume of 692,601. The company’s fifty day simple moving average is $83.38 and its 200 day simple moving average is $84.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.74. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Amdocs Limited will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.26%. Amdocs’s dividend payout ratio is presently 42.92%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

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.