XTX Topco Ltd Acquires 7,329 Shares of Amdocs Limited (NASDAQ:DOX)

XTX Topco Ltd grew its stake in Amdocs Limited (NASDAQ:DOX) by 118.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,491 shares of the technology company’s stock after acquiring an additional 7,329 shares during the period. XTX Topco Ltd’s holdings in Amdocs were worth $1,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wasatch Advisors LP bought a new position in Amdocs in the first quarter valued at approximately $1,943,000. Royal London Asset Management Ltd. grew its stake in Amdocs by 1.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 64,632 shares of the technology company’s stock valued at $5,681,000 after purchasing an additional 1,217 shares in the last quarter. Running Oak Capital LLC grew its stake in Amdocs by 15.0% in the first quarter. Running Oak Capital LLC now owns 108,734 shares of the technology company’s stock valued at $9,826,000 after purchasing an additional 14,205 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Amdocs by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock valued at $16,030,000 after purchasing an additional 12,178 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Amdocs by 17.0% in the second quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock valued at $48,803,000 after purchasing an additional 89,726 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $102.50.

Amdocs Stock Performance

DOX opened at $86.21 on Friday. The business has a fifty day simple moving average of $84.84 and a 200 day simple moving average of $84.02. The company has a market capitalization of $10.13 billion, a PE ratio of 19.37, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24.

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

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a $0.479 dividend. 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 (DPR) is presently 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.