GHP Investment Advisors Inc. Boosts Stake in Amdocs Limited (NASDAQ:DOX)

GHP Investment Advisors Inc. grew its stake in shares of Amdocs Limited (NASDAQ:DOX) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,933 shares of the technology company’s stock after purchasing an additional 7,583 shares during the quarter. GHP Investment Advisors Inc. owned 0.09% of Amdocs worth $7,966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Natixis Advisors LLC lifted its stake in shares of Amdocs by 0.4% in the second quarter. Natixis Advisors LLC now owns 27,246 shares of the technology company’s stock worth $2,150,000 after acquiring an additional 120 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Amdocs by 2.3% in the second quarter. Raymond James Trust N.A. now owns 5,796 shares of the technology company’s stock worth $457,000 after acquiring an additional 129 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Amdocs by 1.5% in the second quarter. Y.D. More Investments Ltd now owns 9,389 shares of the technology company’s stock worth $741,000 after acquiring an additional 139 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Amdocs by 1.3% in the first quarter. New York State Teachers Retirement System now owns 10,719 shares of the technology company’s stock worth $969,000 after acquiring an additional 141 shares in the last quarter. Finally, First Affirmative Financial Network lifted its stake in shares of Amdocs by 5.4% in the first quarter. First Affirmative Financial Network now owns 3,085 shares of the technology company’s stock worth $279,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $102.50.

Amdocs Price Performance

NASDAQ:DOX opened at $85.05 on Friday. The firm has a market capitalization of $10.00 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The stock has a 50 day moving average of $83.92 and a 200-day moving average of $84.27. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $94.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.60 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. Analysts predict that Amdocs Limited will post 5.67 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be issued a $0.479 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, September 30th. Amdocs’s dividend payout ratio (DPR) is 43.15%.

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.