Running Oak Capital LLC Purchases 3,572 Shares of Amdocs Limited $DOX

Running Oak Capital LLC lifted its holdings in Amdocs Limited (NASDAQ:DOX) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,123 shares of the technology company’s stock after purchasing an additional 3,572 shares during the period. Running Oak Capital LLC’s holdings in Amdocs were worth $16,033,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC raised its position in Amdocs by 20.8% in the first quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company’s stock worth $277,000 after acquiring an additional 521 shares during the period. Farther Finance Advisors LLC raised its holdings in Amdocs by 17.5% in the 1st quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company’s stock worth $90,000 after purchasing an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Amdocs by 7.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company’s stock worth $616,000 after purchasing an additional 490 shares during the period. Dakota Wealth Management bought a new stake in Amdocs during the second quarter valued at about $458,000. Finally, Ritholtz Wealth Management grew its holdings in Amdocs by 18.9% during the first quarter. Ritholtz Wealth Management now owns 3,195 shares of the technology company’s stock valued at $292,000 after purchasing an additional 507 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Amdocs Trading Up 0.3%

DOX stock opened at $82.32 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. Amdocs Limited has a 1-year low of $78.61 and a 1-year high of $95.41. The business has a 50 day simple moving average of $85.21 and a two-hundred day simple moving average of $87.98. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.37 and a beta of 0.51.

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

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.527 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.6%. Amdocs’s dividend payout ratio (DPR) is presently 42.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amdocs in a research report on Saturday, September 27th. Wolfe Research began coverage on shares of Amdocs in a report on Tuesday, July 8th. They set an “outperform” rating on the stock. Finally, Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $108.00.

Amdocs Company 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.