CenterBook Partners LP Buys 2,095 Shares of Amdocs Limited (NASDAQ:DOX)

CenterBook Partners LP increased its holdings in Amdocs Limited (NASDAQ:DOXFree Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,529 shares of the technology company’s stock after acquiring an additional 2,095 shares during the quarter. CenterBook Partners LP’s holdings in Amdocs were worth $4,002,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Amdocs in the fourth quarter worth about $25,000. Operose Advisors LLC lifted its stake in Amdocs by 148.0% in the third quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after acquiring an additional 185 shares during the period. Oakworth Capital Inc. purchased a new stake in Amdocs in the fourth quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its stake in Amdocs by 77.7% in the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after acquiring an additional 220 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Amdocs in the fourth quarter worth about $63,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOX has been the subject of a number of research reports. StockNews.com lowered shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Robert W. Baird decreased their price target on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Finally, Citigroup lowered their target price on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.83.

Read Our Latest Stock Report on Amdocs

Amdocs Stock Performance

DOX stock traded down $0.20 during trading on Friday, reaching $76.49. The company had a trading volume of 832,625 shares, compared to its average volume of 814,061. Amdocs Limited has a twelve month low of $76.24 and a twelve month high of $99.75. 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 cap of $8.99 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The firm has a 50-day simple moving average of $83.51 and a 200-day simple moving average of $87.38.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. As a group, sell-side analysts expect that Amdocs Limited will post 5.72 earnings per share for the current year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, June 28th. Amdocs’s dividend payout ratio (DPR) is 43.15%.

Amdocs Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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