Amdocs Limited (NASDAQ:DOX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 53.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,400 shares of the technology company’s stock after selling 43,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Amdocs were worth $2,952,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DOX. Wasatch Advisors LP acquired a new position in shares of Amdocs during the first quarter worth $1,943,000. Royal London Asset Management Ltd. grew its position in shares of Amdocs by 1.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 64,632 shares of the technology company’s stock valued at $5,681,000 after purchasing an additional 1,217 shares during the last quarter. Running Oak Capital LLC grew its position in shares of Amdocs by 15.0% in the first quarter. Running Oak Capital LLC now owns 108,734 shares of the technology company’s stock valued at $9,826,000 after purchasing an additional 14,205 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Amdocs by 7.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock worth $16,030,000 after acquiring an additional 12,178 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in Amdocs by 17.0% during the second quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock worth $48,803,000 after acquiring an additional 89,726 shares during the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $102.50.

Amdocs Price Performance

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

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

Amdocs Dividend Announcement

The firm 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. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.19%. 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.