Hancock Whitney Corp Has $1.95 Million Stake in Amdocs Limited (NASDAQ:DOX)

Hancock Whitney Corp lowered its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,742 shares of the technology company’s stock after selling 1,470 shares during the period. Hancock Whitney Corp’s holdings in Amdocs were worth $1,953,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Westwood Holdings Group Inc. raised its holdings in Amdocs by 16.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 113,831 shares of the technology company’s stock valued at $8,984,000 after acquiring an additional 15,806 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Amdocs by 8.5% during the 2nd quarter. Sei Investments Co. now owns 570,001 shares of the technology company’s stock worth $44,983,000 after purchasing an additional 44,633 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Amdocs by 36.2% during the second quarter. Pacer Advisors Inc. now owns 1,675,784 shares of the technology company’s stock valued at $132,253,000 after purchasing an additional 444,966 shares during the period. AE Wealth Management LLC acquired a new position in shares of Amdocs in the second quarter valued at $214,000. Finally, MQS Management LLC bought a new position in Amdocs in the second quarter worth $287,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Trading Down 1.2 %

Shares of DOX opened at $86.21 on Friday. 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 stock has a market cap of $10.13 billion, a PE ratio of 19.37, a PEG ratio of 1.52 and a beta of 0.74. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock has a 50 day simple moving average of $84.84 and a 200-day simple moving average of $84.02.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data 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. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts predict that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Amdocs

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.