Impact Partnership Wealth LLC Purchases Shares of 3,943 Amdocs Limited $DOX

Impact Partnership Wealth LLC purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,943 shares of the technology company’s stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company’s stock valued at $36,000 after purchasing an additional 116 shares in the last quarter. Alhambra Investment Management LLC increased its holdings in shares of Amdocs by 5.0% in the second quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock valued at $236,000 after buying an additional 124 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Amdocs by 2.4% in the second quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock valued at $516,000 after buying an additional 133 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of Amdocs by 3.2% in the second quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock valued at $397,000 after buying an additional 138 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of Amdocs by 5.1% in the second quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock valued at $264,000 after buying an additional 140 shares in the last quarter. 92.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a research note on Thursday. Finally, Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Amdocs Trading Down 0.4%

Shares of NASDAQ:DOX opened at $83.85 on Friday. The company has a market cap of $9.47 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.40 and a beta of 0.51. The stock’s 50-day moving average is $83.80 and its 200-day moving average is $87.43. Amdocs Limited has a 52-week low of $78.61 and a 52-week high of $95.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Amdocs’s revenue was down 8.4% compared to the same quarter last year. Equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.527 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.5%. Amdocs’s dividend payout ratio (DPR) 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.