Amdocs Limited $DOX Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC increased its stake in Amdocs Limited by 195.4% in Q1, now holding 115,929 shares worth approximately $10.61 million.
• Amdocs has recently reported earnings of $1.72 per share, surpassing estimates, with a revenue of $1.14 billion, despite an 8.4% decrease year-over-year.
• The company announced a quarterly dividend of $0.527 per share to be paid on October 31, indicating a dividend yield of 2.5%.

Jane Street Group LLC raised its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 195.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 115,929 shares of the technology company's stock after purchasing an additional 76,683 shares during the period. Jane Street Group LLC owned 0.10% of Amdocs worth $10,608,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DOX. Cornerstone Planning Group LLC acquired a new stake in shares of Amdocs in the first quarter valued at approximately $27,000. AdvisorNet Financial Inc grew its holdings in shares of Amdocs by 382.9% in the first quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock valued at $31,000 after purchasing an additional 268 shares during the period. NBC Securities Inc. acquired a new stake in Amdocs during the first quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in Amdocs during the first quarter worth about $39,000. Finally, SVB Wealth LLC acquired a new position in Amdocs in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Trading Down 0.3%

DOX stock traded down $0.22 during midday trading on Thursday, hitting $84.40. The stock had a trading volume of 251,551 shares, compared to its average volume of 730,432. Amdocs Limited has a 12-month low of $78.61 and a 12-month high of $95.41. The firm has a market cap of $9.53 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.57 and a beta of 0.54. The company's 50-day moving average price is $88.11 and its 200 day moving average price is $88.71. 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 posted its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share (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 business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. Amdocs's dividend payout ratio is presently 42.80%.

Wall Street Analyst Weigh In

Several research firms have commented on DOX. Wall Street Zen upgraded shares of Amdocs from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Wolfe Research began coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Amdocs has an average rating of "Buy" and an average 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.