Quadrature Capital Ltd Buys Shares of 4,855 Amdocs Limited (NASDAQ:DOX)

Quadrature Capital Ltd acquired a new position in Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,855 shares of the technology company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOX. GAMMA Investing LLC purchased a new stake in shares of Amdocs during the fourth quarter valued at $25,000. Operose Advisors LLC lifted its holdings in shares of Amdocs by 148.0% during the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Amdocs during the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Amdocs by 77.7% during the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 220 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Amdocs by 168.9% during the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $78.48 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $99.75. The stock’s 50-day moving average is $81.22 and its two-hundred day moving average is $86.91. The firm has a market cap of $9.22 billion, a P/E ratio of 17.64, a PEG ratio of 1.38 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 the consensus estimate 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 during the quarter, compared to analyst estimates of $1.25 billion. Analysts predict that Amdocs Limited will post 5.72 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be given a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, June 28th. Amdocs’s payout ratio is currently 43.15%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DOX. Robert W. Baird dropped their price target on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, Citigroup dropped their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.80.

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.