Moody Aldrich Partners LLC Makes New $387,000 Investment in Amdocs Limited (NASDAQ:DOX)

Moody Aldrich Partners LLC purchased a new stake in Amdocs Limited (NASDAQ:DOX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,361 shares of the technology company’s stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sciencast Management LP acquired a new stake in shares of Amdocs in the 2nd quarter valued at about $1,565,000. V Wealth Advisors LLC acquired a new stake in shares of Amdocs in the 2nd quarter valued at about $300,000. Nisa Investment Advisors LLC raised its stake in shares of Amdocs by 5.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 36,780 shares of the technology company’s stock valued at $2,239,000 after purchasing an additional 1,850 shares during the period. Exane Asset Management acquired a new stake in shares of Amdocs in the 2nd quarter valued at about $5,073,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Amdocs in the 2nd quarter valued at about $217,000. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

DOX has been the topic of a number of recent research reports. TheStreet raised Amdocs from a “c+” rating to a “b-” rating in a research report on Friday, May 15th. BidaskClub raised Amdocs from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. ValuEngine downgraded Amdocs from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. Finally, Citigroup lowered their target price on Amdocs from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Amdocs has a consensus rating of “Hold” and a consensus price target of $76.40.

NASDAQ DOX traded up $1.23 during trading on Friday, reaching $62.10. 678,086 shares of the company’s stock were exchanged, compared to its average volume of 787,669. The business has a 50 day moving average price of $60.42 and a 200-day moving average price of $63.35. The stock has a market capitalization of $8.37 billion, a P/E ratio of 17.01, a PEG ratio of 1.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.25. Amdocs Limited has a fifty-two week low of $44.05 and a fifty-two week high of $77.29.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Amdocs had a return on equity of 16.03% and a net margin of 11.98%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. On average, analysts forecast that Amdocs Limited will post 4.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.327 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, June 29th. Amdocs’s dividend payout ratio is presently 32.19%.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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