Y Intercept Hong Kong Ltd Invests $3.96 Million in Amdocs Limited $DOX

Y Intercept Hong Kong Ltd bought a new stake in shares of Amdocs Limited (NASDAQ:DOX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,764 shares of the technology company’s stock, valued at approximately $3,965,000.

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

Analysts Set New Price Targets

A number of analysts have recently commented on DOX shares. Stifel Nicolaus cut their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Cfra lowered shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. KeyCorp started coverage on shares of Amdocs in a research report on Monday, June 29th. They set a “sector weight” rating for the company. Finally, Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Sunday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Shares of NASDAQ DOX opened at $51.75 on Monday. The firm has a 50-day simple moving average of $59.12 and a 200-day simple moving average of $68.11. 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 has a market capitalization of $5.59 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. Amdocs Limited has a 52 week low of $49.79 and a 52 week high of $93.44.

Amdocs (NASDAQ:DOX) last posted 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.78 earnings per share. Amdocs’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

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 issued a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is currently 45.60%.

About Amdocs

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.