Range Financial Group LLC Buys 205 Shares of Amdocs Limited (NASDAQ:DOX)

Range Financial Group LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOXFree Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,270 shares of the technology company’s stock after purchasing an additional 205 shares during the quarter. Range Financial Group LLC’s holdings in Amdocs were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Amdocs during the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in Amdocs in the 4th quarter worth approximately $26,000. Operose Advisors LLC increased its holdings in shares of Amdocs by 148.0% in the 3rd quarter. Operose Advisors LLC now owns 310 shares of the technology company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Amdocs by 77.7% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock valued at $42,000 after buying an additional 220 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Amdocs by 168.9% during the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after acquiring an additional 412 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Stock Performance

Shares of DOX stock traded down $0.08 on Monday, reaching $78.40. The stock had a trading volume of 621,186 shares, compared to its average volume of 720,321. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.32 and a current ratio of 1.32. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $99.75. The stock has a market cap of $9.22 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. The company has a 50 day simple moving average of $81.22 and a 200 day simple moving average of $86.91.

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

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be issued a $0.479 dividend. This represents a $1.92 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, June 28th. Amdocs’s dividend payout ratio is currently 43.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DOX. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Robert W. Baird lowered their price target on 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 cut their price objective on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.80.

Check Out Our Latest Research Report on DOX

About Amdocs

(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.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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