First Affirmative Financial Network Boosts Stake in Amdocs Limited (NASDAQ:DOX)

First Affirmative Financial Network lifted its holdings in Amdocs Limited (NASDAQ:DOX) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,085 shares of the technology company’s stock after buying an additional 157 shares during the period. First Affirmative Financial Network’s holdings in Amdocs were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

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

Amdocs Price Performance

Shares of DOX opened at $78.48 on Friday. 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 PE ratio of 17.64, a P/E/G ratio of 1.38 and a beta of 0.74. The firm has a 50-day simple moving average of $81.22 and a two-hundred day simple moving average of $86.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $1.38 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 during the quarter, compared to analysts’ expectations of $1.25 billion. As a group, analysts forecast that Amdocs Limited will post 5.72 EPS for the current year.

Amdocs Announces Dividend

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

Analyst Ratings Changes

DOX has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Citigroup dropped their price target on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, StockNews.com cut shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.80.

Amdocs Profile

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.