Bank of New York Mellon Corp Has $27.18 Million Stake in Amdocs Limited $DOX

Bank of New York Mellon Corp cut its stake in Amdocs Limited (NASDAQ:DOX) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,864 shares of the technology company’s stock after selling 37,464 shares during the quarter. Bank of New York Mellon Corp’s holdings in Amdocs were worth $27,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP grew its holdings in Amdocs by 42.2% during the first quarter. Quarry LP now owns 391 shares of the technology company’s stock worth $36,000 after buying an additional 116 shares in the last quarter. Alhambra Investment Management LLC lifted its stake in Amdocs by 5.0% during the 2nd quarter. Alhambra Investment Management LLC now owns 2,585 shares of the technology company’s stock valued at $236,000 after acquiring an additional 124 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in 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 during the last quarter. Mutual Advisors LLC grew its stake in shares of Amdocs by 3.2% in 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. Finally, MGO One Seven LLC grew its stake in shares of Amdocs by 5.1% in the 2nd quarter. MGO One Seven LLC now owns 2,899 shares of the technology company’s stock worth $264,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DOX. Weiss Ratings restated a “hold (c)” rating on shares of Amdocs in a report on Thursday, October 30th. Wolfe Research reiterated a “peer perform” rating on shares of Amdocs in a research note on Thursday. Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America cut their target price on Amdocs from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price target on Amdocs from $100.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.00.

Amdocs Stock Up 1.1%

Amdocs stock opened at $77.74 on Friday. The firm has a 50 day moving average price of $83.02 and a 200-day moving average price of $87.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a twelve month low of $75.35 and a twelve month high of $95.41. The company has a market capitalization of $8.78 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.40 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, November 11th. The technology company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.01. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. Amdocs’s revenue was down 9.0% on a year-over-year basis. Amdocs has set its FY 2026 guidance at 7.270-7.550 EPS. Q1 2026 guidance at 1.730-1.790 EPS. As a group, equities analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Amdocs’s dividend payout ratio is currently 41.58%.

Amdocs Company 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.