Sei Investments Co. Boosts Position in Amdocs Limited (NASDAQ:DOX)

Sei Investments Co. grew its position in Amdocs Limited (NASDAQ:DOX) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,001 shares of the technology company’s stock after buying an additional 44,633 shares during the quarter. Sei Investments Co. owned 0.48% of Amdocs worth $44,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC increased its position in Amdocs by 0.4% during the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after buying an additional 120 shares in the last quarter. Raymond James Trust N.A. increased its position in Amdocs by 2.3% during the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after purchasing an additional 129 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Amdocs by 1.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock valued at $741,000 after purchasing an additional 139 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Amdocs by 1.3% during the 1st quarter. New York State Teachers Retirement System now owns 10,719 shares of the technology company’s stock worth $969,000 after purchasing an additional 141 shares during the last quarter. Finally, First Affirmative Financial Network grew its holdings in shares of Amdocs by 5.4% during the first quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock worth $279,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $102.50.

Amdocs Stock Down 1.2 %

DOX opened at $86.21 on Monday. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $94.04. The business has a 50-day moving average of $84.84 and a two-hundred day moving average of $83.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

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

Amdocs Announces Dividend

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

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.