Amdocs Limited (NASDAQ:DOX) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Amdocs Limited (NASDAQ:DOX) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,205 shares of the technology company’s stock after acquiring an additional 6,011 shares during the period. Handelsbanken Fonder AB’s holdings in Amdocs were worth $4,129,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in Amdocs by 33.2% during the 2nd quarter. Pzena Investment Management LLC now owns 5,667,603 shares of the technology company’s stock worth $447,287,000 after acquiring an additional 1,412,826 shares during the period. Vanguard Group Inc. raised its stake in shares of Amdocs by 39.5% during the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock valued at $183,771,000 after purchasing an additional 576,168 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Amdocs by 31.1% in the second quarter. Brandes Investment Partners LP now owns 2,260,811 shares of the technology company’s stock worth $178,335,000 after purchasing an additional 536,359 shares during the period. Pacer Advisors Inc. grew its position in Amdocs by 36.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,675,784 shares of the technology company’s stock valued at $132,253,000 after buying an additional 444,966 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Amdocs by 22.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,395,894 shares of the technology company’s stock valued at $126,119,000 after buying an additional 258,343 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DOX. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus started coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Amdocs Trading Up 0.1 %

Shares of NASDAQ:DOX opened at $87.36 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.54 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 50 day moving average price of $85.60 and a 200 day moving average price of $83.54.

Amdocs (NASDAQ:DOX) last released 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. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. On average, research analysts anticipate that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

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 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%.

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.