Caprock Group LLC Purchases Shares of 2,780 Amdocs Limited (NASDAQ:DOX)

Caprock Group LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,780 shares of the technology company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DOX. Private Advisor Group LLC increased its stake in shares of Amdocs by 58.7% in the fourth quarter. Private Advisor Group LLC now owns 5,491 shares of the technology company’s stock worth $483,000 after acquiring an additional 2,031 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Amdocs by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,456 shares of the technology company’s stock worth $15,069,000 after acquiring an additional 5,211 shares during the period. Principal Securities Inc. acquired a new stake in shares of Amdocs in the fourth quarter worth $63,000. Dimensional Fund Advisors LP increased its stake in shares of Amdocs by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,007,777 shares of the technology company’s stock worth $176,464,000 after acquiring an additional 94,856 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Amdocs by 16.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,417 shares of the technology company’s stock worth $1,794,000 after buying an additional 2,925 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $86.49 on Friday. The company’s fifty day moving average price is $84.08 and its 200 day moving average price is $84.24. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The company has a market capitalization of $10.17 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. 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 posted its quarterly earnings data 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 for 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%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. On average, research analysts predict that Amdocs Limited will post 5.67 earnings per share for the current 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 issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.22%. The ex-dividend date is Monday, September 30th. Amdocs’s payout ratio is 43.15%.

Analyst Ratings Changes

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

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.