American National Bank Invests $76,000 in Amdocs Limited (NASDAQ:DOX)

American National Bank bought a new stake in Amdocs Limited (NASDAQ:DOX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 966 shares of the technology company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in shares of Amdocs during the 4th quarter worth approximately $393,000. Verdence Capital Advisors LLC acquired a new stake in Amdocs in the fourth quarter valued at $298,000. OLD National Bancorp IN bought a new position in shares of Amdocs in the 4th quarter valued at about $254,000. Duality Advisers LP grew its position in shares of Amdocs by 46.1% in the 4th quarter. Duality Advisers LP now owns 10,022 shares of the technology company’s stock valued at $881,000 after acquiring an additional 3,162 shares during the period. Finally, Foster & Motley Inc. raised its stake in Amdocs by 3.5% in the fourth quarter. Foster & Motley Inc. now owns 26,143 shares of the technology company’s stock valued at $2,298,000 after buying an additional 884 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Trading Down 1.0 %

Shares of NASDAQ:DOX traded down $0.88 during mid-day trading on Thursday, reaching $84.76. 412,136 shares of the company’s stock were exchanged, compared to its average volume of 705,090. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.52 and a beta of 0.73. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The business’s fifty day moving average price is $81.36 and its 200-day moving average price is $84.78. 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 (NASDAQ:DOX) last announced 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 17.85% and a net margin of 10.62%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $1.41 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts predict that Amdocs Limited will post 5.72 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be given a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio (DPR) is presently 42.92%.

Wall Street Analyst Weigh In

DOX has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup cut their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $102.50.

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.