Strategic Global Advisors LLC Boosts Stock Holdings in Amdocs Limited $DOX

Strategic Global Advisors LLC grew its position in shares of Amdocs Limited (NASDAQ:DOX) by 41.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,858 shares of the technology company’s stock after acquiring an additional 14,700 shares during the quarter. Strategic Global Advisors LLC’s holdings in Amdocs were worth $4,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DOX. WealthCollab LLC boosted its holdings in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after acquiring an additional 173 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Amdocs during the 4th quarter worth $37,000. Abich Financial Wealth Management LLC purchased a new position in Amdocs during the 3rd quarter worth $39,000. Los Angeles Capital Management LLC purchased a new position in Amdocs during the 4th quarter worth $39,000. Finally, Advisory Services Network LLC purchased a new position in Amdocs during the 3rd quarter worth $42,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of Amdocs stock opened at $56.40 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $6.09 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.98 and a beta of 0.38. Amdocs Limited has a 52-week low of $55.27 and a 52-week high of $95.41. The stock’s 50-day simple moving average is $63.18 and its 200 day simple moving average is $70.72.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. As a group, research analysts anticipate that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.

Analyst Ratings Changes

A number of research firms have recently commented on DOX. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Stifel Nicolaus lowered their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cfra cut Amdocs to a “sell” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Amdocs presently has an average rating of “Hold” and a consensus target price of $86.67.

Amdocs Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.