Harbor Investment Advisory LLC Sells 169 Shares of Amdocs Limited (NASDAQ:DOX)

Harbor Investment Advisory LLC lowered its stake in Amdocs Limited (NASDAQ:DOX) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,002 shares of the technology company’s stock after selling 169 shares during the period. Harbor Investment Advisory LLC’s holdings in Amdocs were worth $875,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOX. Norwood Financial Corp acquired a new position in Amdocs during the first quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Amdocs during the 1st quarter worth $53,000. Riverview Trust Co bought a new stake in shares of Amdocs during the 1st quarter worth $55,000. Quarry LP boosted its stake in Amdocs by 168.9% in the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after buying an additional 412 shares in the last quarter. Finally, American National Bank bought a new position in Amdocs in the second quarter valued at about $76,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Trading Up 0.0 %

Shares of DOX stock opened at $88.19 on Friday. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.54 and a beta of 0.74. The stock has a 50-day moving average of $85.60 and a 200-day moving average of $83.66. 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 1-year low of $74.41 and a 1-year high of $94.04.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS 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 business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that Amdocs Limited will post 5.67 earnings per share for the current 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 paid a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.17%. Amdocs’s dividend payout ratio is currently 42.92%.

Analyst Ratings Changes

Several equities analysts recently commented on DOX shares. Stifel Nicolaus began coverage on shares of Amdocs in a research note on Wednesday. They issued a “buy” rating and a $100.00 price objective for the company. StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.00.

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.