Lecap Asset Management Ltd. Takes Position in Amdocs Limited $DOX

Key Points

• Lecap Asset Management Ltd. has acquired 10,832 shares of Amdocs Limited, valued at approximately $988,000, as noted in their recent Form 13F filing with the SEC.
• Amdocs has received favorable analyst ratings, with Wall Street Zen upgrading the stock from "hold" to "buy" and an average target price of $108.00.
• The company reported a quarterly earnings per share (EPS) of $1.72, slightly surpassing analysts' expectations and a revenue of $1.14 billion despite an 8.4% year-over-year revenue decline.

Lecap Asset Management Ltd. acquired a new stake in Amdocs Limited (NASDAQ:DOX - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,832 shares of the technology company's stock, valued at approximately $988,000.

A number of other large investors have also recently added to or reduced their stakes in DOX. Cornerstone Planning Group LLC bought a new position in shares of Amdocs in the first quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in Amdocs in the 1st quarter worth $31,000. Quarry LP lifted its position in Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company's stock worth $36,000 after acquiring an additional 116 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Amdocs during the first quarter valued at about $39,000. Finally, SVB Wealth LLC acquired a new stake in shares of Amdocs in the first quarter valued at about $43,000. Institutional investors own 92.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DOX. 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 for the company. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Amdocs presently has an average rating of "Buy" and an average target price of $108.00.

Amdocs Trading Up 1.0%

Amdocs stock opened at $82.11 on Friday. The business has a 50 day moving average price of $85.32 and a two-hundred day moving average price of $88.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 12 month low of $78.61 and a 12 month high of $95.41. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.51.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.01. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.Amdocs's quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. As a group, equities analysts forecast that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

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 $0.527 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.6%. Amdocs's payout ratio is presently 42.60%.

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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