Edgestream Partners L.P. Invests $1.54 Million in Amdocs Limited (NASDAQ:DOX)

Edgestream Partners L.P. purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,535 shares of the technology company’s stock, valued at approximately $1,542,000.

Several other hedge funds have also bought and sold shares of DOX. Charles Schwab Investment Management Inc. increased its stake in shares of Amdocs by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,456 shares of the technology company’s stock valued at $15,069,000 after purchasing an additional 5,211 shares in the last quarter. Principal Securities Inc. bought a new position in Amdocs during the 4th quarter valued at approximately $63,000. Vanguard Personalized Indexing Management LLC increased its position in Amdocs by 22.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,664 shares of the technology company’s stock valued at $498,000 after buying an additional 1,029 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Amdocs during the fourth quarter valued at $200,000. Finally, Norges Bank bought a new stake in Amdocs in the fourth quarter worth $119,694,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of DOX opened at $87.29 on Friday. Amdocs Limited has a twelve month low of $74.41 and a twelve month high of $94.04. The company has a market capitalization of $10.26 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The firm has a 50 day moving average of $84.73 and a 200 day moving average of $84.11. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Amdocs Limited will post 5.67 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be given a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, September 30th. Amdocs’s dividend payout ratio (DPR) is 42.92%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $102.50.

About Amdocs

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.