Amdocs Limited (NASDAQ:DOX) Stock Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Amdocs Limited (NASDAQ:DOX) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,128 shares of the technology company’s stock after selling 12,035 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.10% of Amdocs worth $10,770,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wasatch Advisors LP bought a new stake in shares of Amdocs during the 1st quarter worth about $1,943,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Amdocs by 7.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock worth $16,030,000 after acquiring an additional 12,178 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Amdocs by 17.0% during the 2nd quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock worth $48,803,000 after acquiring an additional 89,726 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Amdocs by 402.4% during the 2nd quarter. SG Americas Securities LLC now owns 154,968 shares of the technology company’s stock worth $12,230,000 after acquiring an additional 124,122 shares in the last quarter. Finally, Sargent Investment Group LLC bought a new stake in shares of Amdocs during the 2nd quarter worth about $289,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

NASDAQ DOX opened at $88.87 on Monday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $10.45 billion, a PE ratio of 19.97, a P/E/G ratio of 1.42 and a beta of 0.74. The stock has a 50-day simple moving average of $87.08 and a 200 day simple moving average of $83.59.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.60 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. Research analysts anticipate that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, September 30th were issued a $0.479 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.16%. Amdocs’s dividend payout ratio (DPR) is 42.92%.

Analyst Ratings Changes

DOX has been the subject of several recent analyst reports. Stifel Nicolaus began coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 price target for the company. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $102.00.

About Amdocs

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.