Two Point Capital Management Inc. Raises Position in Amdocs Limited (NASDAQ:DOX)

Two Point Capital Management Inc. grew its stake in Amdocs Limited (NASDAQ:DOX) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,749 shares of the technology company’s stock after purchasing an additional 318 shares during the period. Amdocs makes up about 1.1% of Two Point Capital Management Inc.’s portfolio, making the stock its 24th biggest position. Two Point Capital Management Inc.’s holdings in Amdocs were worth $2,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of DOX. Central Pacific Bank Trust Division bought a new stake in shares of Amdocs during the first quarter worth $53,000. Catalyst Capital Advisors LLC bought a new stake in Amdocs during the 3rd quarter valued at about $55,000. GAMMA Investing LLC boosted its position in Amdocs by 115.1% in the 3rd quarter. GAMMA Investing LLC now owns 800 shares of the technology company’s stock valued at $70,000 after buying an additional 428 shares during the period. American National Bank bought a new position in Amdocs in the 2nd quarter worth about $76,000. Finally, Blue Trust Inc. increased its position in shares of Amdocs by 18.0% during the second quarter. Blue Trust Inc. now owns 1,138 shares of the technology company’s stock worth $90,000 after acquiring an additional 174 shares during the period. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DOX shares. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus assumed coverage on Amdocs in a research report on Wednesday, October 2nd. They set a “buy” rating and a $100.00 target price for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $102.00.

Amdocs Stock Performance

Shares of DOX stock opened at $91.06 on Thursday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.42 and a beta of 0.74. Amdocs Limited has a 52-week low of $74.41 and a 52-week high of $94.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $87.68 and its 200 day moving average is $83.75.

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

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.