LPL Financial LLC Has $11.84 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Key Points

• LPL Financial LLC has increased its holdings in Amdocs Limited by 5.2% during the 1st quarter, now owning approximately $11.84 million worth of shares.
• Amdocs reported a quarterly EPS of $1.72, slightly beating estimates, while revenue decreased by 8.4% year-over-year, totaling $1.14 billion.
• The company announced a quarterly dividend of $0.527 per share, which represents an annual yield of 2.4%, with the payment scheduled for October 31st.

LPL Financial LLC increased its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,414 shares of the technology company's stock after acquiring an additional 6,399 shares during the quarter. LPL Financial LLC owned approximately 0.11% of Amdocs worth $11,841,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Councilmark Asset Management LLC bought a new position in shares of Amdocs during the first quarter valued at about $205,000. HB Wealth Management LLC boosted its position in shares of Amdocs by 35.5% in the first quarter. HB Wealth Management LLC now owns 5,202 shares of the technology company's stock valued at $476,000 after acquiring an additional 1,363 shares during the period. Cetera Investment Advisers lifted its position in Amdocs by 17.3% during the first quarter. Cetera Investment Advisers now owns 61,640 shares of the technology company's stock valued at $5,640,000 after purchasing an additional 9,072 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Amdocs by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 11,116 shares of the technology company's stock valued at $1,017,000 after purchasing an additional 511 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of Amdocs by 7.3% in the 1st quarter. Tempus Wealth Planning LLC now owns 5,490 shares of the technology company's stock worth $502,000 after acquiring an additional 373 shares during the last quarter. 92.02% of the stock is owned by institutional investors.

Amdocs Price Performance

DOX opened at $88.87 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $10.03 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.40 and a beta of 0.51. The company's 50-day simple moving average is $90.22 and its two-hundred day simple moving average is $88.69. Amdocs Limited has a 52-week low of $78.61 and a 52-week high of $95.41.

Amdocs (NASDAQ:DOX - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.71 by $0.01. Amdocs had a net margin of 11.94% and a return on equity of 19.72%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Dividend Announcement

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 issued a dividend of $0.527 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Amdocs's dividend payout ratio (DPR) is 44.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOX. Wall Street Zen lowered shares of Amdocs from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wolfe Research initiated coverage on shares of Amdocs in a report on Tuesday, July 8th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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