Boothbay Fund Management LLC Boosts Stock Position in Amdocs Limited $DOX

Boothbay Fund Management LLC boosted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 50.7% in the third quarter, Holdings Channel reports. The fund owned 286,069 shares of the technology company’s stock after purchasing an additional 96,229 shares during the period. Amdocs accounts for about 0.3% of Boothbay Fund Management LLC’s portfolio, making the stock its 18th biggest position. Boothbay Fund Management LLC’s holdings in Amdocs were worth $23,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new position in shares of Amdocs in the third quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Amdocs during the third quarter worth $26,000. WealthCollab LLC grew its position in Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after buying an additional 173 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Amdocs in the 3rd quarter valued at $37,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Amdocs in the 3rd quarter valued at $39,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Amdocs Price Performance

Amdocs stock opened at $66.34 on Friday. The company has a market cap of $7.16 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.17 and a beta of 0.42. Amdocs Limited has a one year low of $65.39 and a one year high of $95.41. The business has a fifty day moving average of $75.08 and a two-hundred day moving average of $79.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.06.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Amdocs had a net margin of 12.47% and a return on equity of 20.19%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 EPS. Amdocs has set its Q2 2026 guidance at 1.730-1.790 EPS and its FY 2026 guidance at 7.270-7.550 EPS. As a group, analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.569 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from Amdocs’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a yield of 3.4%. Amdocs’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DOX shares. Barclays cut their price objective on shares of Amdocs from $111.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Amdocs in a report on Tuesday, January 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Amdocs from $97.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amdocs has an average rating of “Moderate Buy” and an average target price of $92.33.

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.