Aristides Capital LLC Boosts Holdings in Amdocs Limited (NASDAQ:DOX)

Aristides Capital LLC raised its holdings in Amdocs Limited (NASDAQ:DOX) by 366.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,173 shares of the technology company’s stock after purchasing an additional 10,351 shares during the period. Aristides Capital LLC’s holdings in Amdocs were worth $1,040,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOX. Brandes Investment Partners LP increased its stake 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 valued at $178,335,000 after purchasing an additional 536,359 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Amdocs in the 2nd quarter valued at about $268,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amdocs by 24.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company’s stock valued at $175,000 after acquiring an additional 440 shares during the last quarter. Silver Lake Advisory LLC lifted its holdings in shares of Amdocs by 8.7% during the 2nd quarter. Silver Lake Advisory LLC now owns 33,285 shares of the technology company’s stock worth $2,627,000 after acquiring an additional 2,660 shares during the period. Finally, Creative Planning lifted its holdings in shares of Amdocs by 122.9% during the 2nd quarter. Creative Planning now owns 11,007 shares of the technology company’s stock worth $869,000 after acquiring an additional 6,069 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

NASDAQ DOX opened at $87.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The firm has a market capitalization of $10.28 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.54 and a beta of 0.74. The business’s 50-day simple moving average is $85.24 and its 200-day simple moving average is $83.75.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share 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 analyst estimates of $1.25 billion. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 EPS. Equities analysts predict that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.19%. Amdocs’s dividend payout ratio (DPR) is presently 42.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $102.50.

Amdocs 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.