Two Sigma Securities LLC Takes Position in Amdocs Limited (NASDAQ:DOX)

Two Sigma Securities LLC purchased a new position in shares of Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,726 shares of the technology company’s stock, valued at approximately $658,000.

Several other large investors also recently bought and sold shares of DOX. Wellington Management Group LLP grew its holdings in shares of Amdocs by 25.4% in the fourth quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company’s stock valued at $228,211,000 after purchasing an additional 543,490 shares during the period. Raymond James Financial Inc. acquired a new position in Amdocs in the 4th quarter valued at about $44,494,000. Vanguard Group Inc. grew its stake in shares of Amdocs by 16.1% in the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company’s stock valued at $261,756,000 after buying an additional 426,035 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Amdocs by 4.3% during the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company’s stock worth $564,866,000 after buying an additional 270,810 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Amdocs by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 979,861 shares of the technology company’s stock valued at $83,426,000 after buying an additional 242,093 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.20.

Amdocs Price Performance

Amdocs stock opened at $86.01 on Friday. The company’s 50 day simple moving average is $87.07 and its 200-day simple moving average is $87.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.16. Amdocs Limited has a 1 year low of $74.41 and a 1 year high of $93.34. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. As a group, equities research analysts expect that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 31st were issued a $0.527 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Amdocs’s previous quarterly dividend of $0.48. Amdocs’s payout ratio is 48.72%.

About Amdocs

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.