Running Oak Capital LLC Boosts Holdings in Amdocs Limited $DOX

Key Points

• Running Oak Capital LLC increased its holdings in Amdocs Limited by 2.1% in the second quarter, owning approximately 175,123 shares valued at $16 million.
• Amdocs reported earnings of $1.72 per share, exceeding analysts' expectations, although its year-over-year revenue declined by 8.4%.
• The company declared a quarterly dividend of $0.527, set to be paid on October 31st, representing an annual yield of 2.6%.

Running Oak Capital LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,123 shares of the technology company's stock after buying an additional 3,572 shares during the quarter. Running Oak Capital LLC owned about 0.16% of Amdocs worth $16,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in shares of Amdocs during the 1st quarter worth approximately $27,000. NBC Securities Inc. purchased a new stake in Amdocs in the first quarter worth $31,000. Quarry LP raised its holdings in Amdocs by 42.2% in the first quarter. Quarry LP now owns 391 shares of the technology company's stock worth $36,000 after purchasing an additional 116 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Amdocs during the first quarter valued at $39,000. Finally, SVB Wealth LLC bought a new stake in shares of Amdocs during the 1st quarter valued at $43,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Amdocs in a research note on Tuesday, July 8th. They issued an "outperform" rating for the company. Wall Street Zen lowered shares of Amdocs from a "buy" rating to a "hold" rating in a report on Friday. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Amdocs in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Amdocs presently has a consensus rating of "Moderate Buy" and an average target price of $108.00.

Amdocs Trading Up 0.3%

Amdocs stock opened at $82.32 on Monday. Amdocs Limited has a one year low of $78.61 and a one year high of $95.41. The business's fifty day moving average is $85.21 and its 200 day moving average is $87.98. The stock has a market capitalization of $9.29 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.51. 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 issued its earnings results on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Amdocs had a return on equity of 19.66% and a net margin of 11.94%.Amdocs's revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, sell-side analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Amdocs Announces Dividend

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