Wrapmanager Inc. purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,792 shares of the technology company’s stock, valued at approximately $394,000.
Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in shares of Amdocs by 58.0% during the first quarter. JFS Wealth Advisors LLC now owns 425 shares of the technology company’s stock valued at $35,000 after purchasing an additional 156 shares during the period. Meeder Asset Management Inc. bought a new position in Amdocs during the first quarter valued at about $36,000. Denali Advisors LLC boosted its stake in Amdocs by 33.3% during the first quarter. Denali Advisors LLC now owns 800 shares of the technology company’s stock valued at $66,000 after buying an additional 200 shares in the last quarter. Wahed Invest LLC bought a new position in Amdocs during the fourth quarter valued at about $116,000. Finally, Exchange Traded Concepts LLC bought a new position in Amdocs during the first quarter valued at about $132,000. 87.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on DOX. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 24th. Barclays raised their target price on Amdocs from $89.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Oppenheimer reaffirmed a “top pick” rating on shares of Amdocs in a research note on Friday, May 13th. Finally, Citigroup raised their target price on Amdocs from $90.00 to $99.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Amdocs presently has a consensus rating of “Buy” and a consensus price target of $93.33.
Amdocs Trading Up 0.2 %
Amdocs (NASDAQ:DOX – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. Amdocs had a return on equity of 16.37% and a net margin of 12.10%. During the same period last year, the business posted $1.26 earnings per share. Sell-side analysts forecast that Amdocs Limited will post 4.84 earnings per share for the current year.
Amdocs Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, September 30th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.58 dividend on an annualized basis and a yield of 1.76%. Amdocs’s payout ratio is presently 36.24%.
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.
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