Amdocs Limited (NASDAQ:DOX) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,653 shares of the technology company’s stock after selling 1,060 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Amdocs were worth $999,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Natixis Advisors L.P. acquired a new position in shares of Amdocs during the 4th quarter worth $2,357,000. Axxcess Wealth Management LLC acquired a new position in Amdocs during the fourth quarter worth about $247,000. Private Advisor Group LLC increased its holdings in Amdocs by 58.7% in the fourth quarter. Private Advisor Group LLC now owns 5,491 shares of the technology company’s stock valued at $483,000 after buying an additional 2,031 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Amdocs by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 171,456 shares of the technology company’s stock valued at $15,069,000 after acquiring an additional 5,211 shares during the period. Finally, Wrapmanager Inc. purchased a new stake in shares of Amdocs during the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DOX shares. StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Robert W. Baird cut their price target on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Citigroup lowered their price objective on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.50.

Amdocs Stock Performance

Amdocs stock opened at $85.67 on Friday. Amdocs Limited has a fifty-two week low of $74.41 and a fifty-two week high of $94.04. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.56 and a beta of 0.73. The stock has a fifty day moving average of $83.11 and a two-hundred day moving average of $84.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. On average, analysts anticipate that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, September 30th. Amdocs’s payout ratio is 42.92%.

Amdocs Company 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.