Running Oak Capital LLC Grows Position in Amdocs Limited (NASDAQ:DOX)

Running Oak Capital LLC lifted its position in Amdocs Limited (NASDAQ:DOX - Free Report) by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,551 shares of the technology company's stock after buying an additional 16,538 shares during the quarter. Amdocs makes up 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 17th largest holding. Running Oak Capital LLC owned approximately 0.15% of Amdocs worth $15,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DOX. Pzena Investment Management LLC increased its holdings in Amdocs by 4.3% during the 4th quarter. Pzena Investment Management LLC now owns 6,634,549 shares of the technology company's stock worth $564,866,000 after purchasing an additional 270,810 shares during the period. Vanguard Group Inc. increased its holdings in Amdocs by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 3,074,424 shares of the technology company's stock worth $261,756,000 after purchasing an additional 426,035 shares during the period. Wellington Management Group LLP increased its holdings in Amdocs by 25.4% during the 4th quarter. Wellington Management Group LLP now owns 2,680,422 shares of the technology company's stock worth $228,211,000 after purchasing an additional 543,490 shares during the period. Alyeska Investment Group L.P. increased its holdings in Amdocs by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,681,074 shares of the technology company's stock worth $143,127,000 after purchasing an additional 781,061 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Amdocs by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,672,193 shares of the technology company's stock valued at $143,262,000 after acquiring an additional 38,460 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company's stock.

Amdocs Stock Performance

Shares of NASDAQ DOX traded up $0.70 during trading hours on Monday, reaching $91.93. The stock had a trading volume of 579,885 shares, compared to its average volume of 665,866. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.51 and a beta of 0.52. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.21. Amdocs Limited has a fifty-two week low of $77.17 and a fifty-two week high of $94.61. The firm has a 50-day moving average of $89.85 and a 200-day moving average of $87.86.

Amdocs (NASDAQ:DOX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. Amdocs had a return on equity of 19.52% and a net margin of 11.39%. The business's revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. Equities research analysts predict that Amdocs Limited will post 6.21 earnings per share for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, June 30th will be given a dividend of $0.527 per share. The ex-dividend date is Monday, June 30th. This represents a $2.11 dividend on an annualized basis and a yield of 2.29%. Amdocs's payout ratio is 44.42%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Amdocs from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.

About Amdocs

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.