DekaBank Deutsche Girozentrale Has $9.85 Million Holdings in Amdocs Limited $DOX

DekaBank Deutsche Girozentrale decreased its position in shares of Amdocs Limited (NASDAQ:DOX) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,432 shares of the technology company’s stock after selling 1,400 shares during the period. DekaBank Deutsche Girozentrale owned about 0.10% of Amdocs worth $9,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. William Blair Investment Management LLC boosted its position in shares of Amdocs by 2.4% during the 2nd quarter. William Blair Investment Management LLC now owns 5,650 shares of the technology company’s stock worth $516,000 after acquiring an additional 133 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of Amdocs by 21.0% during the 2nd quarter. Foster & Motley Inc. now owns 45,764 shares of the technology company’s stock worth $4,176,000 after acquiring an additional 7,934 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Amdocs by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 1,879,023 shares of the technology company’s stock worth $170,803,000 after acquiring an additional 287,235 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Amdocs by 13.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 501,809 shares of the technology company’s stock worth $45,785,000 after acquiring an additional 57,705 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in shares of Amdocs by 3.2% during the 2nd quarter. Mutual Advisors LLC now owns 4,516 shares of the technology company’s stock worth $397,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

DOX has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of Amdocs in a research report on Tuesday, July 8th. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Amdocs in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Amdocs Stock Down 0.4%

Shares of NASDAQ:DOX opened at $83.52 on Friday. The company has a fifty day moving average of $84.11 and a 200-day moving average of $87.35. The company has a market capitalization of $9.43 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.40 and a beta of 0.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. Amdocs Limited has a 52-week low of $78.61 and a 52-week high of $95.41.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. On average, equities analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.5%. Amdocs’s dividend payout ratio (DPR) is presently 42.60%.

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.