Signature Estate & Investment Advisors LLC Acquires 89,362 Shares of Amdocs Limited $DOX

Key Points

• Signature Estate & Investment Advisors LLC significantly increased its stake in Amdocs Limited by 362.9% during the first quarter, now holding 113,985 shares valued at approximately $10.43 million.
• Research analysts have given Amdocs a consensus "Buy" rating with a target price of $105.33, reflecting positive investor sentiment amidst recent earnings reports.
• Amdocs has announced a quarterly dividend of $0.527, which translates to an annualized yield of 2.5%, to be distributed on October 31st to shareholders of record.

Signature Estate & Investment Advisors LLC raised its holdings in Amdocs Limited (NASDAQ:DOX - Free Report) by 362.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,985 shares of the technology company's stock after purchasing an additional 89,362 shares during the quarter. Signature Estate & Investment Advisors LLC owned 0.10% of Amdocs worth $10,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in Amdocs in the 1st quarter valued at $27,000. AdvisorNet Financial Inc lifted its position in shares of Amdocs by 382.9% during the 1st quarter. AdvisorNet Financial Inc now owns 338 shares of the technology company's stock valued at $31,000 after buying an additional 268 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Amdocs during the 1st quarter valued at $31,000. Quarry LP lifted its position in shares of Amdocs by 42.2% during the 1st quarter. Quarry LP now owns 391 shares of the technology company's stock valued at $36,000 after buying an additional 116 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Amdocs during the 1st quarter valued at $39,000. Institutional investors own 92.02% of the company's stock.

Wall Street Analyst Weigh In

DOX has been the topic of a number of recent research reports. Wall Street Zen raised Amdocs from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Wolfe Research initiated coverage on Amdocs in a research report 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 presently has a consensus rating of "Buy" and an average target price of $105.33.

Amdocs Price Performance

DOX traded down $0.33 during trading on Friday, reaching $85.00. 555,419 shares of the company were exchanged, compared to its average volume of 810,267. The company's 50-day moving average is $87.18 and its two-hundred day moving average is $88.53. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.56 and a beta of 0.54. 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.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 earnings per share (EPS) for the quarter, topping 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%.The firm's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. Research analysts forecast that Amdocs Limited will post 6.21 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.527 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.11 annualized dividend and a dividend yield of 2.5%. Amdocs's dividend payout ratio (DPR) is presently 42.80%.

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.