Amdocs Limited $DOX Shares Acquired by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Amdocs Limited by 186.0% during the first quarter, now owning 49,746 shares valued at approximately $4.55 million.
• Amdocs recently declared a $0.527 quarterly dividend, representing an annualized dividend yield of 2.5%.
• Analysts have shown positive sentiment towards Amdocs, with a current consensus rating of "Buy" and an average price target of $105.33.

Integrated Wealth Concepts LLC lifted its stake in Amdocs Limited (NASDAQ:DOX - Free Report) by 186.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,746 shares of the technology company's stock after purchasing an additional 32,354 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Amdocs were worth $4,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in Amdocs by 55.0% during the 4th 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 in the last quarter. Jane Street Group LLC grew its stake in Amdocs by 111.9% during the 4th quarter. Jane Street Group LLC now owns 39,246 shares of the technology company's stock valued at $3,341,000 after purchasing an additional 20,723 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Amdocs by 89.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,646 shares of the technology company's stock worth $736,000 after purchasing an additional 4,086 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Amdocs in the fourth quarter worth about $173,000. Finally, Captrust Financial Advisors grew its holdings in Amdocs by 9.3% during the fourth quarter. Captrust Financial Advisors now owns 41,660 shares of the technology company's stock worth $3,547,000 after acquiring an additional 3,550 shares during the period. 92.02% of the stock is owned by institutional investors.

Amdocs Stock Performance

Shares of DOX stock traded up $1.31 during trading hours on Thursday, reaching $85.20. 280,517 shares of the company's stock were exchanged, compared to its average volume of 728,627. The company has a market cap of $9.62 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54. The company's 50 day moving average is $87.48 and its two-hundred day moving average is $88.58. Amdocs Limited has a 1 year low of $78.61 and a 1 year high of $95.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

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, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. Amdocs's quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.527 dividend. 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 42.80%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DOX. Wolfe Research started coverage on Amdocs in a research report on Tuesday, July 8th. They set an "outperform" rating on the stock. Wall Street Zen upgraded Amdocs from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $105.33.

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.