Amdocs Limited (NASDAQ:DOX) Stock Position Lessened by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its holdings in Amdocs Limited (NASDAQ:DOX) by 28.8% in the 1st quarter, HoldingsChannel reports. The firm owned 10,150 shares of the technology company’s stock after selling 4,106 shares during the quarter. Qsemble Capital Management LP’s holdings in Amdocs were worth $917,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of DOX. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Amdocs by 1.3% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 9,790 shares of the technology company’s stock valued at $860,000 after buying an additional 130 shares in the last quarter. New York State Teachers Retirement System increased its stake in Amdocs by 1.3% in the 1st quarter. New York State Teachers Retirement System now owns 10,719 shares of the technology company’s stock worth $969,000 after purchasing an additional 141 shares in the last quarter. First Affirmative Financial Network increased its stake in Amdocs by 5.4% in the 1st quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock worth $279,000 after purchasing an additional 157 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in Amdocs by 6.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,640 shares of the technology company’s stock worth $239,000 after purchasing an additional 160 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Amdocs by 2.0% in the 4th quarter. True Wealth Design LLC now owns 8,626 shares of the technology company’s stock worth $758,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DOX. Robert W. Baird dropped their price target on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Citigroup dropped their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and an average price target of $103.80.

Amdocs Stock Up 2.2 %

Shares of Amdocs stock traded up $1.75 during trading on Tuesday, hitting $82.80. 604,303 shares of the stock traded hands, compared to its average volume of 729,372. The stock has a market cap of $9.73 billion, a P/E ratio of 18.21, a PEG ratio of 1.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $97.60. The company has a fifty day moving average price of $79.30 and a two-hundred day moving average price of $86.04.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.05). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a net margin of 10.62% and a return on equity of 17.85%. Equities research analysts predict that Amdocs Limited will post 5.72 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.479 per share. The ex-dividend date is Friday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.31%. Amdocs’s dividend payout ratio is 43.15%.

About Amdocs

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.