William Blair Investment Management LLC Buys 191 Shares of Amdocs Limited (NASDAQ:DOX)

William Blair Investment Management LLC grew its stake in Amdocs Limited (NASDAQ:DOX) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,993 shares of the technology company’s stock after acquiring an additional 191 shares during the period. William Blair Investment Management LLC’s holdings in Amdocs were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bahl & Gaynor Inc. raised its stake in shares of Amdocs by 2.6% in the fourth quarter. Bahl & Gaynor Inc. now owns 377,316 shares of the technology company’s stock worth $33,162,000 after purchasing an additional 9,436 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Amdocs in the fourth quarter valued at $930,000. Wasatch Advisors LP purchased a new position in shares of Amdocs during the first quarter worth $1,943,000. Royal London Asset Management Ltd. raised its stake 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 acquiring an additional 1,217 shares in the last quarter. Finally, Running Oak Capital LLC grew its holdings in Amdocs by 15.0% during the 1st quarter. Running Oak Capital LLC now owns 108,734 shares of the technology company’s stock worth $9,826,000 after acquiring an additional 14,205 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOX has been the subject of a number of research analyst reports. Robert W. Baird decreased their target price on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Citigroup dropped their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.80.

Amdocs Trading Up 1.3 %

Shares of DOX traded up $1.08 during trading hours on Wednesday, hitting $83.88. The stock had a trading volume of 943,250 shares, compared to its average volume of 729,866. Amdocs Limited has a 12-month low of $74.41 and a 12-month high of $97.60. The firm has a market cap of $9.86 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.43 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. The company’s fifty day simple moving average is $79.18 and its 200 day simple moving average is $85.96.

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

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, June 28th. Amdocs’s dividend payout ratio (DPR) is 42.92%.

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.