Vanguard Personalized Indexing Management LLC Buys 1,531 Shares of Amdocs Limited (NASDAQ:DOX)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 22.2% during the second quarter, Holdings Channel reports. The institutional investor owned 8,440 shares of the technology company’s stock after buying an additional 1,531 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Amdocs were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Norwood Financial Corp bought a new stake in Amdocs during the first quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new stake in Amdocs during the 1st quarter valued at approximately $53,000. Riverview Trust Co purchased a new position in Amdocs in the 1st quarter worth approximately $55,000. Quarry LP boosted its stake in Amdocs by 168.9% in the 4th quarter. Quarry LP now owns 656 shares of the technology company’s stock worth $58,000 after purchasing an additional 412 shares during the period. Finally, American National Bank purchased a new stake in Amdocs during the 2nd quarter valued at approximately $76,000. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Performance

NASDAQ:DOX opened at $85.90 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $10.10 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.54 and a beta of 0.74. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $94.04. The stock’s 50 day simple moving average is $85.07 and its two-hundred day simple moving average is $83.89.

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

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be given a $0.479 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a yield of 2.23%. Amdocs’s dividend payout ratio is currently 42.92%.

Analyst Upgrades and Downgrades

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

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.