MGO One Seven LLC Increases Stock Holdings in Amdocs Limited $DOX

MGO One Seven LLC raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,899 shares of the technology company’s stock after purchasing an additional 140 shares during the quarter. MGO One Seven LLC’s holdings in Amdocs were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Alyeska Investment Group L.P. raised its stake in Amdocs by 38.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after buying an additional 648,693 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Amdocs by 23.5% during the 1st quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after acquiring an additional 426,911 shares during the period. Nuveen LLC bought a new position in shares of Amdocs in the 1st quarter worth approximately $36,921,000. LSV Asset Management lifted its stake in shares of Amdocs by 11.1% in the 1st quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock valued at $291,016,000 after purchasing an additional 317,412 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of 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 purchasing an additional 287,243 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DOX shares. Wolfe Research assumed coverage on Amdocs in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Amdocs in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Amdocs Price Performance

DOX opened at $82.94 on Monday. The firm has a market cap of $9.36 billion, a PE ratio of 16.82, a P/E/G ratio of 1.38 and a beta of 0.51. The stock has a 50-day moving average price of $84.41 and a 200-day moving average price of $87.40. Amdocs Limited has a 1 year low of $78.61 and a 1 year high of $95.41. 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 (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.71 by $0.01. The company 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%. Amdocs’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. Sell-side analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

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

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.