AQR Capital Management LLC Has $61.70 Million Stock Position in Amdocs Limited (NASDAQ:DOX)

AQR Capital Management LLC increased its position in shares of Amdocs Limited (NASDAQ:DOX) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 789,894 shares of the technology company’s stock after buying an additional 26,608 shares during the period. AQR Capital Management LLC owned 0.67% of Amdocs worth $61,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in shares of 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 during the last quarter. Raymond James Trust N.A. boosted its holdings in Amdocs by 2.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock valued at $457,000 after purchasing an additional 129 shares during the period. Y.D. More Investments Ltd grew its position 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 worth $741,000 after purchasing an additional 139 shares during the last quarter. New York State Teachers Retirement System increased its holdings 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 period. Finally, First Affirmative Financial Network raised its position 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 valued at $279,000 after buying an additional 157 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Amdocs Trading Up 0.6 %

Shares of DOX stock opened at $87.83 on Friday. The firm has a fifty day moving average of $85.14 and a 200-day moving average of $83.91. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.54 and a beta of 0.74. Amdocs Limited has a 52-week low of $74.41 and a 52-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.

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

Amdocs Dividend Announcement

The business 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 2.18%. Amdocs’s dividend 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.