Diversified Trust Co Boosts Holdings in Amdocs Limited $DOX

Diversified Trust Co grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 42.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,714 shares of the technology company’s stock after acquiring an additional 29,454 shares during the quarter. Diversified Trust Co owned about 0.09% of Amdocs worth $6,442,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. WealthCollab LLC grew its holdings in Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Amdocs during the fourth quarter worth approximately $37,000. Los Angeles Capital Management LLC purchased a new position in Amdocs during the fourth quarter worth approximately $39,000. Advisory Services Network LLC purchased a new position in Amdocs during the third quarter worth approximately $42,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of 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 purchasing an additional 390 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOX. Cfra cut shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Stifel Nicolaus cut their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.67.

Amdocs Stock Performance

Shares of DOX 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 company has a market cap of $5.56 billion, a PE ratio of 10.29, a P/E/G ratio of 0.89 and a beta of 0.38. The company’s fifty day simple moving average is $61.95 and its 200-day simple moving average is $69.98. Amdocs Limited has a 52 week low of $51.23 and a 52 week 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 for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $1.78 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities research 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 $0.569 dividend. 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 dividend payout ratio is presently 45.60%.

Amdocs Company 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.