Diversified Trust Co Boosts Holdings in Amdocs Limited $DOX

Diversified Trust Co lifted its position in shares of Amdocs Limited (NASDAQ:DOX) by 42.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,714 shares of the technology company’s stock after purchasing an additional 29,454 shares during the period. Diversified Trust Co’s holdings in Amdocs were worth $6,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthCollab LLC grew its holdings in Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in Amdocs during the 4th quarter worth $37,000. Los Angeles Capital Management LLC acquired a new position in Amdocs in the 4th quarter worth $39,000. Advisory Services Network LLC acquired a new position in Amdocs in the 3rd quarter worth $42,000. Finally, CIBC Private Wealth Group LLC boosted its position in Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after buying an additional 390 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Price Performance

Shares of Amdocs stock opened at $51.47 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $61.95 and its 200-day simple moving average is $69.98. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.89 and a beta of 0.38. Amdocs Limited has a twelve month low of $51.23 and a twelve month high of $95.41.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Equities research analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. Amdocs’s payout ratio is 45.60%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DOX shares. Cfra downgraded Amdocs to a “sell” rating in a research note on Thursday, May 14th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Stifel Nicolaus reduced their price target on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.