Two Point Capital Management Inc. Purchases Shares of 29,233 Amdocs Limited $DOX

Key Points

• Two Point Capital Management Inc. purchased 29,233 shares of Amdocs Limited, representing a new position valued at approximately $2.67 million, making it the 24th largest position in their portfolio.
• Analysts are optimistic about Amdocs, with a consensus "Buy" rating and a target price of $108.00; Wolfe Research and Wall Street Zen have recently upgraded their ratings on the stock.
• Amdocs has declared a quarterly dividend of $0.527 per share, set to be paid on October 31st, resulting in a 2.6% yield for investors.

Two Point Capital Management Inc. acquired a new position in Amdocs Limited (NASDAQ:DOX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,233 shares of the technology company's stock, valued at approximately $2,667,000. Amdocs accounts for 1.1% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 24th largest position.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Amdocs by 9,960.4% during the 1st quarter. GAMMA Investing LLC now owns 80,886 shares of the technology company's stock worth $7,401,000 after acquiring an additional 80,082 shares during the last quarter. Rhumbline Advisers lifted its position in Amdocs by 0.7% during the first quarter. Rhumbline Advisers now owns 265,394 shares of the technology company's stock valued at $24,284,000 after purchasing an additional 1,939 shares in the last quarter. NBC Securities Inc. bought a new stake in Amdocs during the first quarter valued at about $31,000. Merit Financial Group LLC bought a new position in shares of Amdocs in the first quarter worth about $233,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Amdocs during the 1st quarter valued at about $335,000. 92.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DOX shares. Wolfe Research began coverage on shares of Amdocs in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $108.00.

Amdocs Stock Up 1.0%

Shares of DOX stock opened at $82.11 on Friday. The company's fifty day simple moving average is $85.32 and its two-hundred day simple moving average is $88.04. Amdocs Limited has a 52 week low of $78.61 and a 52 week high of $95.41. The stock has a market cap of $9.27 billion, a P/E ratio of 16.66, a PEG ratio of 1.35 and a beta of 0.51. 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 (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.01. The firm 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%.The business's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. Analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.527 dividend. This represents a $2.11 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 30th. Amdocs's payout ratio is currently 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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