BDF Gestion Invests $833,000 in Amdocs Limited (NASDAQ:DOX)

BDF Gestion purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,551 shares of the technology company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also modified their holdings of DOX. Pzena Investment Management LLC raised its position in Amdocs by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 4,254,777 shares of the technology company’s stock worth $384,504,000 after purchasing an additional 15,264 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Amdocs by 39.5% during the first quarter. Vanguard Group Inc. now owns 2,033,536 shares of the technology company’s stock valued at $183,771,000 after acquiring an additional 576,168 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Amdocs by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,007,777 shares of the technology company’s stock worth $176,464,000 after buying an additional 94,856 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Amdocs by 22.1% in the 4th quarter. Brandes Investment Partners LP now owns 1,402,646 shares of the technology company’s stock worth $123,279,000 after acquiring an additional 254,304 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Amdocs by 22.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,395,894 shares of the technology company’s stock worth $126,119,000 after buying an additional 258,343 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DOX shares. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup reduced 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. Finally, Robert W. Baird lowered their price target on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $102.50.

Amdocs Stock Performance

DOX stock traded down $0.93 during trading on Friday, hitting $83.02. 776,806 shares of the company traded hands, compared to its average volume of 720,533. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock’s 50-day simple moving average is $80.28 and its 200 day simple moving average is $85.32. The company has a market cap of $9.76 billion, a PE ratio of 18.66, a P/E/G ratio of 1.52 and a beta of 0.73.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, equities analysts expect that Amdocs Limited will post 5.72 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio is presently 42.92%.

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.