New York State Common Retirement Fund Has $57.87 Million Stake in Amdocs Limited (NASDAQ:DOX)

New York State Common Retirement Fund decreased its position in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,551 shares of the technology company's stock after selling 43,800 shares during the period. New York State Common Retirement Fund owned 0.56% of Amdocs worth $57,872,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in Amdocs during the first quarter valued at about $53,000. GAMMA Investing LLC raised its position in Amdocs by 115.1% during the third 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 acquired a new stake in Amdocs during the 2nd quarter worth about $76,000. Blue Trust Inc. grew its stake in Amdocs by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 1,138 shares of the technology company's stock valued at $90,000 after acquiring an additional 174 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Amdocs by 24.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,215 shares of the technology company's stock valued at $175,000 after purchasing an additional 440 shares during the period. Institutional investors own 92.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DOX shares. StockNews.com upgraded shares of Amdocs from a "buy" rating to a "strong-buy" rating in a report on Friday, October 25th. Stifel Nicolaus began coverage on Amdocs in a research note on Wednesday, October 2nd. They set a "buy" rating and a $100.00 price target for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $102.00.

Amdocs Stock Performance

Shares of Amdocs stock traded up $0.31 during midday trading on Friday, hitting $88.06. The company had a trading volume of 440,060 shares, compared to its average volume of 670,940. The stock has a market cap of $10.35 billion, a PE ratio of 20.29, a P/E/G ratio of 1.43 and a beta of 0.74. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $94.04. The business's 50 day simple moving average is $87.42 and its two-hundred day simple moving average is $83.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 1.24.

Amdocs (NASDAQ:DOX - Get Free Report) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.02. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.25 billion. Amdocs had a net margin of 10.21% and a return on equity of 17.89%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. As a group, equities analysts predict that Amdocs Limited will post 5.67 EPS for the current fiscal year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, September 30th were issued a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Monday, September 30th. Amdocs's payout ratio is presently 44.24%.

About Amdocs

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.