Alyeska Investment Group L.P. Has $213.17 Million Stake in Amdocs Limited $DOX

Key Points

• Alyeska Investment Group L.P. increased its stake in Amdocs Limited by 38.6% during the first quarter, holding approximately $213.17 million worth of shares.
• Amdocs recently declared a quarterly dividend of $0.527 per share, with an annualized dividend of $2.11 and a dividend yield of 2.5%.
• The company's stock has received upgraded ratings from several analysts, with a consensus average target price of $105.33 and four analysts currently rating it a "Buy."

Alyeska Investment Group L.P. boosted its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,329,767 shares of the technology company's stock after buying an additional 648,693 shares during the period. Amdocs accounts for approximately 0.8% of Alyeska Investment Group L.P.'s portfolio, making the stock its 17th biggest holding. Alyeska Investment Group L.P. owned about 2.06% of Amdocs worth $213,174,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DOX. OneDigital Investment Advisors LLC boosted its holdings in Amdocs by 20.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company's stock worth $277,000 after acquiring an additional 521 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Amdocs by 17.5% during the 1st quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company's stock valued at $90,000 after buying an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Amdocs by 7.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company's stock worth $616,000 after buying an additional 490 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Amdocs by 55.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after buying an additional 208 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Amdocs by 18.9% in the 1st quarter. Ritholtz Wealth Management now owns 3,195 shares of the technology company's stock worth $292,000 after acquiring an additional 507 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

Shares of DOX traded down $0.47 during trading hours on Monday, hitting $85.53. The stock had a trading volume of 125,039 shares, compared to its average volume of 728,710. Amdocs Limited has a fifty-two week low of $78.61 and a fifty-two week high of $95.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.57 and a beta of 0.54. The firm has a 50-day moving average price of $87.87 and a 200 day moving average price of $88.65.

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

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.527 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 annualized dividend and a yield of 2.5%. Amdocs's dividend payout ratio (DPR) is currently 42.80%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DOX shares. Wolfe Research began coverage on shares of Amdocs in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Amdocs presently has a consensus rating of "Buy" and an average target price of $105.33.

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.