Squarepoint Ops LLC Invests $2.11 Million in Amdocs Limited (NASDAQ:DOX)

Squarepoint Ops LLC bought a new position in shares of Amdocs Limited (NASDAQ:DOX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,788 shares of the technology company’s stock, valued at approximately $2,114,000.

Several other institutional investors also recently bought and sold shares of the stock. Natixis Advisors LLC raised its position in shares of Amdocs by 0.4% in the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. raised its holdings in Amdocs by 2.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after purchasing an additional 129 shares during the period. Y.D. More Investments Ltd boosted its position in Amdocs by 1.5% during the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after purchasing an additional 139 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Amdocs by 1.3% in the first quarter. New York State Teachers Retirement System now owns 10,719 shares of the technology company’s stock valued at $969,000 after purchasing an additional 141 shares during the period. Finally, First Affirmative Financial Network increased its position in shares of Amdocs by 5.4% in the first quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock valued at $279,000 after buying an additional 157 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.1 %

Shares of DOX opened at $88.16 on Friday. The stock has a 50 day moving average price of $85.57 and a 200 day moving average price of $83.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.54 and a beta of 0.74. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.02. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $1.41 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts forecast that Amdocs Limited will post 5.67 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, October 25th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, September 30th. Amdocs’s dividend payout ratio is currently 42.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DOX shares. Stifel Nicolaus started coverage on Amdocs in a research report on Wednesday. They set a “buy” rating and a $100.00 target price on the stock. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.00.

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.