Headlands Technologies LLC Has $2.47 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Key Points

• Headlands Technologies LLC has increased its holdings in Amdocs Limited by 53.6%, now owning 27,008 shares valued at approximately $2.47 million as of the latest SEC filing.
• Amdocs reported an earnings per share (EPS) of $1.72 for the last quarter, exceeding estimates, yet its revenue declined by 8.4% year-over-year, totaling $1.14 billion.
• Analysts have a consensus rating of "Moderate Buy" for Amdocs, with an average price target of $105.33, indicating positive market sentiment despite some recent downgrades.

Headlands Technologies LLC raised its holdings in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 53.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,008 shares of the technology company's stock after buying an additional 9,424 shares during the quarter. Headlands Technologies LLC's holdings in Amdocs were worth $2,471,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its holdings in shares of Amdocs by 20.8% during the first quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company's stock worth $277,000 after buying an additional 521 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Amdocs by 17.5% during the first quarter. Farther Finance Advisors LLC now owns 988 shares of the technology company's stock valued at $90,000 after purchasing an additional 147 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Amdocs by 7.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,738 shares of the technology company's stock valued at $616,000 after purchasing an additional 490 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Amdocs by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 586 shares of the technology company's stock valued at $50,000 after purchasing an additional 208 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Amdocs by 2.2% during the fourth quarter. Bank of Montreal Can now owns 210,450 shares of the technology company's stock valued at $17,918,000 after purchasing an additional 4,569 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $84.57 on Thursday. The business's fifty day moving average price is $90.27 and its two-hundred day moving average price is $88.66. Amdocs Limited has a fifty-two week low of $78.61 and a fifty-two week high of $95.41. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.40 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.52% and a net margin of 11.39%. The business's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen cut Amdocs from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wolfe Research assumed coverage on Amdocs in a research report on Tuesday, July 8th. They set an "outperform" rating on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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