Fox Run Management L.L.C. Takes Position in Amdocs Limited $DOX

by · The Cerbat Gem

Fox Run Management L.L.C. acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,205 shares of the technology company’s stock, valued at approximately $1,570,000.

Other hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its holdings in shares of Amdocs by 20.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,026 shares of the technology company’s stock valued at $277,000 after buying an additional 521 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Amdocs during the 2nd quarter worth approximately $458,000. Foster & Motley Inc. lifted its position in Amdocs by 21.0% during the second quarter. Foster & Motley Inc. now owns 45,764 shares of the technology company’s stock valued at $4,176,000 after acquiring an additional 7,934 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Amdocs by 15.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,555 shares of the technology company’s stock valued at $963,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Amdocs by 2.1% in the second quarter. Pzena Investment Management LLC now owns 6,551,065 shares of the technology company’s stock worth $597,719,000 after purchasing an additional 132,463 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Trading Up 1.1%

Shares of Amdocs stock opened at $84.57 on Friday. The firm’s 50 day simple moving average is $83.50 and its two-hundred day simple moving average is $87.45. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.40 and a beta of 0.51. Amdocs Limited has a 12-month low of $78.61 and a 12-month high of $95.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.94% and a return on equity of 19.66%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 earnings per share. Analysts predict that Amdocs Limited will post 6.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amdocs in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Get Our Latest Stock Analysis on Amdocs

Amdocs Company Profile

(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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