Dudley & Shanley Inc. Has $23.77 Million Holdings in Amdocs Limited (NASDAQ:DOX)

Dudley & Shanley Inc. lifted its holdings in Amdocs Limited (NASDAQ:DOX) by 1.0% during the 1st quarter, HoldingsChannel reports. The fund owned 263,050 shares of the technology company’s stock after acquiring an additional 2,600 shares during the quarter. Amdocs accounts for approximately 4.0% of Dudley & Shanley Inc.’s holdings, making the stock its 13th largest position. Dudley & Shanley Inc.’s holdings in Amdocs were worth $23,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of Amdocs in the fourth quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in Amdocs during the fourth quarter worth about $26,000. Norwood Financial Corp acquired a new stake in Amdocs during the first quarter worth about $33,000. VisionPoint Advisory Group LLC grew its stake in Amdocs by 77.7% during the third quarter. VisionPoint Advisory Group LLC now owns 503 shares of the technology company’s stock worth $42,000 after buying an additional 220 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in Amdocs during the first quarter worth about $55,000. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. StockNews.com downgraded shares of Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Citigroup reduced their price target on shares of Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Amdocs has an average rating of “Moderate Buy” and a consensus price target of $103.80.

Amdocs Trading Down 1.6 %

NASDAQ DOX traded down $1.29 during trading hours on Wednesday, reaching $78.13. The company’s stock had a trading volume of 534,359 shares, compared to its average volume of 730,447. The firm has a fifty day simple moving average of $80.25 and a 200-day simple moving average of $86.54. The stock has a market cap of $9.18 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.39 and a beta of 0.74. Amdocs Limited has a 52 week low of $74.41 and a 52 week high of $98.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.05). Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Equities analysts forecast that Amdocs Limited will post 5.72 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, June 28th. Amdocs’s dividend payout ratio (DPR) is 43.15%.

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.