Alpine Woods Capital Investors LLC Boosts Stake in Amdocs Limited $DOX

Key Points

• Alpine Woods Capital Investors LLC increased its stake in Amdocs Limited by 9.0%, owning 42,491 shares valued at approximately $3.88 million.
• Amdocs recently declared a quarterly dividend of $0.527 per share, representing a dividend yield of 2.6% based on an annualized rate of $2.11.
• The company's earnings report showed an EPS of $1.72, slightly exceeding analysts' estimates and highlighting a revenue decline of 8.4% compared to the previous year.

Alpine Woods Capital Investors LLC increased its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,491 shares of the technology company's stock after purchasing an additional 3,523 shares during the period. Alpine Woods Capital Investors LLC's holdings in Amdocs were worth $3,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in shares of Amdocs during the 1st quarter worth about $27,000. Quarry LP raised its position in shares of Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company's stock worth $36,000 after purchasing an additional 116 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Amdocs during the 1st quarter worth about $39,000. SVB Wealth LLC acquired a new position in shares of Amdocs during the 1st quarter worth about $43,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Amdocs by 213.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 700 shares of the technology company's stock worth $64,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock.

Analyst Ratings Changes

DOX has been the subject of several research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Amdocs in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Amdocs in a report on Tuesday, July 8th. They issued an "outperform" rating for the company. Finally, Wall Street Zen upgraded shares of Amdocs from a "hold" rating to a "buy" rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $108.00.

Amdocs Stock Up 0.8%

DOX stock opened at $81.44 on Tuesday. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.34 and a beta of 0.51. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The firm has a 50-day moving average of $84.73 and a two-hundred day moving average of $87.61.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business's revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. As a group, analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.527 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.6%. Amdocs's dividend payout ratio (DPR) is currently 42.80%.

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.

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