Legato Capital Management LLC Has $1.82 Million Stock Position in Amdocs Limited (NASDAQ:DOX)

Legato Capital Management LLC decreased its holdings in Amdocs Limited (NASDAQ:DOX) by 31.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,001 shares of the technology company’s stock after selling 10,540 shares during the period. Legato Capital Management LLC’s holdings in Amdocs were worth $1,815,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Amdocs during the fourth quarter worth approximately $25,000. Norwood Financial Corp acquired a new stake in Amdocs during the first quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Amdocs in the 1st quarter valued at approximately $53,000. Riverview Trust Co bought a new position in Amdocs in the first quarter valued at approximately $55,000. Finally, Quarry LP increased its stake in Amdocs by 168.9% in the fourth quarter. Quarry LP now owns 656 shares of the technology company’s stock valued at $58,000 after acquiring an additional 412 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DOX shares. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Citigroup dropped 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, Robert W. Baird lowered their target price on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $102.50.

Amdocs Trading Up 0.0 %

Shares of Amdocs stock traded up $0.04 on Tuesday, reaching $85.21. 214,598 shares of the company’s stock were exchanged, compared to its average volume of 698,014. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $10.02 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73. The firm’s 50-day moving average is $81.93 and its two-hundred day moving average is $84.60. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. Amdocs’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts predict that Amdocs Limited will post 5.72 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be issued a dividend of $0.479 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. Amdocs’s dividend payout ratio (DPR) is currently 42.92%.

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.