Alyeska Investment Group L.P. Acquires 781,061 Shares of Amdocs Limited (NASDAQ:DOX)

Alyeska Investment Group L.P. boosted its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,681,074 shares of the technology company's stock after purchasing an additional 781,061 shares during the period. Alyeska Investment Group L.P. owned about 1.49% of Amdocs worth $143,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC lifted its stake in shares of Amdocs by 4.3% in the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock valued at $564,866,000 after purchasing an additional 270,810 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Amdocs by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,263,591 shares of the technology company's stock valued at $274,681,000 after buying an additional 87,801 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Amdocs by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after acquiring an additional 426,035 shares in the last quarter. Wellington Management Group LLP grew its stake 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 worth $228,211,000 after acquiring an additional 543,490 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Amdocs by 7.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,815,675 shares of the technology company's stock valued at $154,587,000 after acquiring an additional 125,654 shares in the last quarter. Institutional investors own 92.02% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Amdocs from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Amdocs currently has an average rating of "Moderate Buy" and a consensus price target of $101.20.

Amdocs Stock Performance

NASDAQ DOX traded up $0.80 during trading hours on Tuesday, hitting $90.47. The company's stock had a trading volume of 725,730 shares, compared to its average volume of 699,854. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20. The company has a market cap of $10.21 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51. The company's 50 day simple moving average is $87.05 and its two-hundred day simple moving average is $86.96. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $93.34.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. As a group, sell-side analysts expect that Amdocs Limited will post 6.21 EPS for the current fiscal year.

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.