Delphi Management Inc. MA Has $1.70 Million Stake in Amdocs Limited (NASDAQ:DOX)

Delphi Management Inc. MA boosted its position in shares of Amdocs Limited (NASDAQ:DOX) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,477 shares of the technology company’s stock after purchasing an additional 1,483 shares during the period. Delphi Management Inc. MA’s holdings in Amdocs were worth $1,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOX. Aristides Capital LLC increased its stake in shares of Amdocs by 366.8% in the second quarter. Aristides Capital LLC now owns 13,173 shares of the technology company’s stock valued at $1,040,000 after buying an additional 10,351 shares in the last quarter. Brandes Investment Partners LP increased its position in Amdocs by 31.1% in the 2nd quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock valued at $178,335,000 after acquiring an additional 536,359 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Amdocs in the second quarter worth about $268,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amdocs by 24.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company’s stock worth $175,000 after purchasing an additional 440 shares in the last quarter. Finally, Silver Lake Advisory LLC grew its stake in shares of Amdocs by 8.7% during the second quarter. Silver Lake Advisory LLC now owns 33,285 shares of the technology company’s stock valued at $2,627,000 after purchasing an additional 2,660 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Down 0.4 %

Amdocs stock opened at $87.48 on Tuesday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $85.24 and a 200-day moving average of $83.75. The stock has a market capitalization of $10.28 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. Amdocs’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Dividend Announcement

The business 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 dividend of $0.479 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.19%. Amdocs’s payout ratio is presently 42.92%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a report 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.