SG Americas Securities LLC Purchases Shares of 22,534 Amdocs Limited $DOX

SG Americas Securities LLC purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,534 shares of the technology company’s stock, valued at approximately $1,471,000.

A number of other institutional investors have also modified their holdings of DOX. WealthCollab LLC boosted its stake in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after buying an additional 173 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Amdocs during the fourth quarter valued at approximately $37,000. Los Angeles Capital Management LLC acquired a new position in Amdocs in the fourth quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new position in Amdocs in the third quarter valued at approximately $42,000. Finally, CIBC Private Wealth Group LLC boosted its position in Amdocs by 190.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analyst Weigh In

DOX has been the subject of several recent research reports. KeyCorp assumed coverage on shares of Amdocs in a report on Monday. They set a “sector weight” rating for the company. Stifel Nicolaus dropped their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Cfra downgraded shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Amdocs stock opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $5.59 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The business has a 50 day simple moving average of $59.12 and a 200-day simple moving average of $68.18. Amdocs Limited has a 12 month low of $49.79 and a 12 month high of $93.44.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.78 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 45.60%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.