LSV Asset Management Increases Holdings in Amdocs Limited $DOX

LSV Asset Management grew its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,678,532 shares of the technology company’s stock after purchasing an additional 29,829 shares during the quarter. LSV Asset Management owned approximately 3.41% of Amdocs worth $296,159,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Amdocs during the 3rd quarter valued at $26,000. WealthCollab LLC increased its holdings in Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after acquiring an additional 173 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Amdocs in the 3rd quarter worth about $37,000. BOK Financial Private Wealth Inc. purchased a new stake in Amdocs in the 4th quarter worth about $37,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Amdocs in the 3rd quarter worth about $39,000. 92.02% of the stock is owned by hedge funds and other institutional investors.

Amdocs Stock Up 0.5%

DOX stock opened at $62.66 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.76 billion, a PE ratio of 12.53, a PEG ratio of 0.96 and a beta of 0.40. Amdocs Limited has a twelve month low of $59.40 and a twelve month high of $95.41. The stock has a 50-day simple moving average of $64.64 and a two-hundred day simple moving average of $72.79.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, equities analysts predict that Amdocs Limited will post 7.41 EPS for the current fiscal year.

Amdocs Dividend Announcement

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 issued a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cfra lowered Amdocs to a “sell” rating in a report on Thursday, May 14th. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Barclays decreased their price objective on Amdocs from $111.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Finally, Stifel Nicolaus decreased their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.67.

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.