GHP Investment Advisors Inc. Buys 2,132 Shares of Amdocs Limited (NASDAQ:DOX)

GHP Investment Advisors Inc. raised its stake in Amdocs Limited (NASDAQ:DOX) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,065 shares of the technology company’s stock after purchasing an additional 2,132 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Amdocs were worth $9,016,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wasatch Advisors LP acquired a new position in Amdocs during the first quarter worth $1,943,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Amdocs by 7.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 166,927 shares of the technology company’s stock valued at $16,030,000 after purchasing an additional 12,178 shares during the period. Boston Trust Walden Corp lifted its stake in Amdocs by 17.0% in the 2nd quarter. Boston Trust Walden Corp now owns 618,387 shares of the technology company’s stock valued at $48,803,000 after purchasing an additional 89,726 shares during the last quarter. SG Americas Securities LLC grew its holdings in Amdocs by 402.4% during the second quarter. SG Americas Securities LLC now owns 154,968 shares of the technology company’s stock worth $12,230,000 after purchasing an additional 124,122 shares during the period. Finally, Sargent Investment Group LLC acquired a new position in Amdocs during the second quarter worth approximately $289,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Amdocs Price Performance

Shares of DOX stock traded down $0.87 during trading on Friday, hitting $88.87. The company had a trading volume of 242,979 shares, compared to its average volume of 674,938. The stock’s 50-day moving average price is $87.08 and its 200 day moving average price is $83.62. Amdocs Limited has a one year low of $74.41 and a one year high of $94.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $10.45 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.42 and a beta of 0.74.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a return on equity of 17.89% and a net margin of 10.21%. Amdocs’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. Equities analysts expect that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, September 30th were given a $0.479 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Monday, September 30th. Amdocs’s payout ratio is presently 42.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com raised Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus assumed coverage on shares of Amdocs in a report on Wednesday, October 2nd. They issued a “buy” rating and a $100.00 price target on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amdocs has an average rating of “Buy” and a consensus price target of $102.00.

Amdocs 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.