10,086 Shares in Amdocs Limited $DOX Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new position in Amdocs Limited (NASDAQ:DOX) during the first quarter, Holdings Channel reports. The institutional investor bought 10,086 shares of the technology company’s stock, valued at approximately $658,000.

Other institutional investors also recently made changes to their positions in the company. WealthCollab LLC raised its position in shares of Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Amdocs during the 4th quarter valued at approximately $37,000. Los Angeles Capital Management LLC bought a new position in Amdocs during the 4th quarter worth $39,000. Advisory Services Network LLC bought a new position in Amdocs during the 3rd quarter worth $42,000. Finally, CIBC Private Wealth Group LLC increased its position in Amdocs by 190.2% in the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after buying an additional 390 shares during the period. 92.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DOX has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cfra lowered shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. KeyCorp started coverage on shares of Amdocs in a report on Monday, June 29th. They issued a “sector weight” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.67.

Amdocs Stock Up 1.6%

Shares of Amdocs stock opened at $52.76 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. Amdocs Limited has a 1-year low of $49.79 and a 1-year high of $90.29. The business’s fifty day moving average price is $57.59 and its two-hundred day moving average price is $66.92. The company has a market capitalization of $5.70 billion, a P/E ratio of 10.55, a PEG ratio of 0.90 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, research analysts forecast that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a yield of 4.3%. Amdocs’s dividend payout ratio (DPR) is presently 45.60%.

Amdocs Company Profile

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.