Gotham Asset Management LLC Purchases 41,708 Shares of Amdocs Limited $DOX

Key Points

• Gotham Asset Management LLC increased its stake in Amdocs Limited by 29.6%, owning 182,628 shares valued at approximately $16.71 million after acquiring an additional 41,708 shares in the first quarter.
• Amdocs announced a quarterly dividend of $0.527 per share to be paid on October 31, representing a 2.5% yield, with a payout ratio of 42.80%.
• The company's recent earnings report showed an EPS of $1.72, beating estimates and indicating a net margin of 11.94%, although revenue decreased by 8.4% year-over-year.

Gotham Asset Management LLC grew its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,628 shares of the technology company's stock after purchasing an additional 41,708 shares during the period. Gotham Asset Management LLC owned about 0.16% of Amdocs worth $16,710,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in Amdocs in the 1st quarter worth about $27,000. AdvisorNet Financial Inc increased its position in Amdocs by 382.9% in the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock worth $31,000 after purchasing an additional 268 shares during the last quarter. NBC Securities Inc. acquired a new position in Amdocs in the 1st quarter worth about $31,000. Quarry LP increased its position in Amdocs by 42.2% in 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. Finally, Cullen Frost Bankers Inc. acquired a new position in Amdocs in the 1st quarter worth about $39,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOX has been the topic of several research reports. Wall Street Zen raised Amdocs from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Wolfe Research started coverage on Amdocs in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Amdocs currently has an average rating of "Buy" and an average price target of $105.33.

Amdocs Stock Performance

NASDAQ:DOX traded down $0.05 during mid-day trading on Tuesday, hitting $85.75. 695,028 shares of the company's stock traded hands, compared to its average volume of 732,107. The firm has a 50 day moving average of $87.64 and a two-hundred day moving average of $88.61. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.57 and a beta of 0.54. 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 (NASDAQ:DOX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.01. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm 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 is Tuesday, September 30th. This represents a $2.11 annualized dividend and a yield of 2.5%. Amdocs's dividend payout ratio is presently 42.60%.

Amdocs 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.