Delphi Management Inc. MA Cuts Holdings in Amdocs Limited $DOX

Delphi Management Inc. MA trimmed its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,240 shares of the technology company’s stock after selling 1,144 shares during the quarter. Delphi Management Inc. MA’s holdings in Amdocs were worth $1,390,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DOX. Alyeska Investment Group L.P. increased its holdings in Amdocs by 38.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock valued at $213,174,000 after buying an additional 648,693 shares during the period. American Century Companies Inc. increased its holdings in Amdocs by 23.5% during the first quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock valued at $205,219,000 after buying an additional 426,911 shares during the period. Nuveen LLC purchased a new position in Amdocs during the first quarter valued at approximately $36,921,000. LSV Asset Management increased its holdings in Amdocs by 11.1% during the first quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock valued at $291,016,000 after buying an additional 317,412 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Amdocs by 43.0% during the first quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock valued at $86,719,000 after buying an additional 287,243 shares during the period. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Trading Down 0.4%

NASDAQ:DOX opened at $85.00 on Friday. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The firm has a fifty day simple moving average of $87.18 and a 200-day simple moving average of $88.54. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.60 billion, a P/E ratio of 17.24, a PEG ratio of 1.56 and a beta of 0.54.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.71 by $0.01. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.527 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. Amdocs’s payout ratio is presently 42.80%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DOX shares. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Wolfe Research started coverage on shares of Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Amdocs presently has an average rating of “Buy” and a consensus price target of $105.33.

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.