Wasatch Advisors LP Buys 15,655 Shares of Amdocs Limited $DOX

Wasatch Advisors LP boosted its stake in Amdocs Limited (NASDAQ:DOX) by 35.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,757 shares of the technology company’s stock after purchasing an additional 15,655 shares during the quarter. Wasatch Advisors LP owned about 0.06% of Amdocs worth $3,900,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Scotia Capital Inc. increased its position in Amdocs by 3.5% in the 3rd quarter. Scotia Capital Inc. now owns 4,289 shares of the technology company’s stock valued at $352,000 after buying an additional 145 shares in the last quarter. WealthCollab LLC increased its holdings in shares of Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after acquiring an additional 173 shares in the last quarter. Blair William & Co. IL raised its position in shares of Amdocs by 5.5% during the third quarter. Blair William & Co. IL now owns 3,393 shares of the technology company’s stock worth $278,000 after purchasing an additional 177 shares during the period. Two Point Capital Management Inc. lifted its holdings in shares of Amdocs by 0.7% in the 4th quarter. Two Point Capital Management Inc. now owns 28,978 shares of the technology company’s stock worth $2,333,000 after purchasing an additional 191 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Amdocs by 2.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,634 shares of the technology company’s stock worth $790,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DOX shares. Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Stifel Nicolaus reduced their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $51.97 on Friday. The company has a market capitalization of $5.61 billion, a PE ratio of 10.39, a PEG ratio of 0.90 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $60.65 and its 200-day moving average price is $69.12. Amdocs Limited has a twelve month low of $49.79 and a twelve month high of $93.44.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.17 billion for 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%.Amdocs’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. On average, equities 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. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s dividend payout ratio is currently 45.60%.

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.