Amdocs Limited (NASDAQ:DOX) Short Interest Down 13.9% in October

by · The Markets Daily

Amdocs Limited (NASDAQ:DOX – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,850,000 shares, a drop of 13.9% from the September 30th total of 3,310,000 shares. Based on an average daily volume of 579,100 shares, the short-interest ratio is currently 4.9 days. Approximately 2.5% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a report on Friday. Stifel Nicolaus initiated coverage on Amdocs in a research note on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $102.00.

Read Our Latest Research Report on DOX

Institutional Investors Weigh In On Amdocs

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Amdocs by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,457,368 shares of the technology company’s stock valued at $128,088,000 after purchasing an additional 20,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Amdocs by 1.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,367 shares of the technology company’s stock valued at $5,636,000 after purchasing an additional 1,036 shares in the last quarter. Wasatch Advisors LP acquired a new position in Amdocs in the first quarter worth $1,943,000. Dudley & Shanley Inc. grew its holdings in shares of Amdocs by 1.0% during the first quarter. Dudley & Shanley Inc. now owns 263,050 shares of the technology company’s stock worth $23,772,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Norden Group LLC acquired a new position in Amdocs during the 1st quarter worth about $219,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Amdocs Stock Up 0.4 %

Shares of NASDAQ:DOX traded up $0.35 during midday trading on Tuesday, hitting $88.64. 37,738 shares of the stock were exchanged, compared to its average volume of 670,848. The business’s fifty day simple moving average is $87.17 and its two-hundred day simple moving average is $83.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 1.24. Amdocs has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a market capitalization of $10.42 billion, a PE ratio of 19.84, a P/E/G ratio of 1.42 and a beta of 0.74.

Amdocs (NASDAQ:DOX – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. Amdocs’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, research analysts predict that Amdocs will post 5.67 earnings per share for the current fiscal year.

Amdocs Announces Dividend

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

Amdocs Company Profile

(Get Free Report)

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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