Ashton Thomas Personal Wealth LLC decreased its place in Amdocs Restricted (NASDAQ:DOX – Free Report) by 5.7% within the second quarter, in keeping with its most up-to-date disclosure with the Securities and Change Fee (SEC). The fund owned 15,920 shares of the expertise firm’s inventory after promoting 956 shares throughout the quarter. Ashton Thomas Personal Wealth LLC’s holdings in Amdocs have been price $1,256,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
A number of different hedge funds have additionally just lately made modifications to their positions within the firm. LSV Asset Administration elevated its stake in shares of Amdocs by 7.9% within the second quarter. LSV Asset Administration now owns 3,207,155 shares of the expertise firm’s inventory price $253,109,000 after buying an extra 234,096 shares within the final quarter. Morton Group Financial institution grew its stake in Amdocs by 7.6% within the 2nd quarter. Morton Group Financial institution now owns 36,280 shares of the expertise firm’s inventory valued at $2,863,000 after shopping for an extra 2,575 shares within the final quarter. Caprock Group LLC bought a brand new place in Amdocs within the 2nd quarter valued at roughly $221,000. Corbyn Funding Administration Inc. MD raised its holdings in Amdocs by 7.1% throughout the 2nd quarter. Corbyn Funding Administration Inc. MD now owns 38,820 shares of the expertise firm’s inventory valued at $3,064,000 after buying an extra 2,584 shares throughout the interval. Lastly, Illinois Municipal Retirement Fund lifted its place in shares of Amdocs by 25.2% throughout the second quarter. Illinois Municipal Retirement Fund now owns 154,666 shares of the expertise firm’s inventory price $12,206,000 after buying an extra 31,137 shares within the final quarter. 92.02% of the inventory is at present owned by institutional buyers.
Amdocs Inventory Efficiency
Amdocs inventory opened at $85.84 on Wednesday. The agency’s 50 day easy transferring common is $83.64 and its 200 day easy transferring common is $84.26. The corporate has a present ratio of 1.24, a fast ratio of 1.24 and a debt-to-equity ratio of 0.21. Amdocs Restricted has a 1-year low of $74.41 and a 1-year excessive of $94.04. The agency has a market capitalization of $10.09 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74.
Amdocs (NASDAQ:DOX – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, August seventh. The expertise firm reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.02. The agency had income of $1.25 billion for the quarter, in comparison with analysts’ expectations of $1.25 billion. Amdocs had a internet margin of 10.21% and a return on fairness of 17.89%. The enterprise’s quarterly income was up 1.1% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $1.41 earnings per share. As a gaggle, analysts count on that Amdocs Restricted will put up 5.67 earnings per share for the present fiscal yr.
Amdocs Declares Dividend
The agency additionally just lately declared a quarterly dividend, which can be paid on Friday, October twenty fifth. Stockholders of report on Monday, September thirtieth can be given a dividend of $0.479 per share. The ex-dividend date is Monday, September thirtieth. This represents a $1.92 dividend on an annualized foundation and a dividend yield of two.23%. Amdocs’s dividend payout ratio (DPR) is presently 43.15%.
Wall Road Analyst Weigh In
Individually, StockNews.com lowered Amdocs from a “strong-buy” score to a “purchase” score in a analysis word on Thursday, September fifth. One equities analysis analyst has rated the inventory with a maintain score and 4 have assigned a purchase score to the inventory. In line with MarketBeat.com, Amdocs has a consensus score of “Reasonable Purchase” and a consensus value goal of $102.50.
Learn Our Newest Analysis Report on Amdocs
About Amdocs
Amdocs Restricted, by way of its subsidiaries, offers software program and companies worldwide. It designs, develops, operates, implements, helps, and markets open and modular cloud portfolio. The corporate offers CES23, a 5G and cloud-native microservices-based market-leading buyer expertise suite, that permits service suppliers to construct, ship, and monetize superior companies; Amdocs Subscription Market, a software-as-a-service-based platform that features an expansive community of pre-integrated digital companies, corresponding to media, gaming, eLearning, sports activities, and retail to safety and enterprise companies; the monetization suite for charging, billing, coverage, and income administration; Clever networking suite with a set of modular, versatile, and open service lifecycle administration capabilities for community automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Manufacturers Suite, a pre-integrated digital enterprise suite; and Amdocs eSIM Cloud for service suppliers.
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