Amdocs Limited (NASDAQ:DOX) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 36.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,675,784 shares of the technology company’s stock after purchasing an additional 444,966 shares during the quarter. Pacer Advisors Inc. owned about 1.43% of Amdocs worth $132,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norwood Financial Corp purchased a new stake in shares of Amdocs during the first quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Amdocs in the first quarter valued at about $53,000. Riverview Trust Co purchased a new position in shares of Amdocs in the first quarter worth about $55,000. Quarry LP raised its stake in shares of Amdocs by 168.9% in the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after purchasing an additional 412 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Amdocs during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $102.50.

Amdocs Trading Down 1.2 %

Shares of Amdocs stock opened at $86.21 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $10.13 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The firm has a 50-day simple moving average of $84.84 and a two-hundred day simple moving average of $84.07.

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

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.22%. Amdocs’s dividend payout ratio (DPR) is 42.92%.

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.