99,881 Shares in Amdocs Limited $DOX Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new position in shares of Amdocs Limited (NASDAQ:DOX) during the 2nd quarter, HoldingsChannel reports. The firm bought 99,881 shares of the technology company’s stock, valued at approximately $9,113,000.

Other large investors have also modified their holdings of the company. Alyeska Investment Group L.P. lifted its position in shares of Amdocs by 38.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,329,767 shares of the technology company’s stock worth $213,174,000 after purchasing an additional 648,693 shares during the period. American Century Companies Inc. raised its stake in Amdocs by 23.5% in the first quarter. American Century Companies Inc. now owns 2,242,829 shares of the technology company’s stock worth $205,219,000 after buying an additional 426,911 shares in the last quarter. Nuveen LLC purchased a new stake in Amdocs during the first quarter worth $36,921,000. LSV Asset Management boosted its position in Amdocs by 11.1% during the 1st quarter. LSV Asset Management now owns 3,180,501 shares of the technology company’s stock valued at $291,016,000 after acquiring an additional 317,412 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Amdocs by 43.0% in the 1st quarter. AQR Capital Management LLC now owns 955,158 shares of the technology company’s stock valued at $86,719,000 after acquiring an additional 287,243 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DOX. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Amdocs in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Amdocs Stock Up 1.1%

Amdocs stock opened at $84.57 on Friday. Amdocs Limited has a 1-year low of $78.61 and a 1-year high of $95.41. The business has a fifty day moving average price of $83.50 and a 200-day moving average price of $87.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.40 and a beta of 0.51.

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

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.