Entropy Technologies LP Purchases 14,374 Shares of Amdocs Limited $DOX

Entropy Technologies LP grew its position in shares of Amdocs Limited (NASDAQ:DOX) by 120.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,261 shares of the technology company’s stock after purchasing an additional 14,374 shares during the quarter. Entropy Technologies LP’s holdings in Amdocs were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WealthCollab LLC increased its position in shares of Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Amdocs during the 4th quarter valued at about $37,000. Los Angeles Capital Management LLC bought a new position in shares of Amdocs during the fourth quarter valued at about $39,000. Abich Financial Wealth Management LLC bought a new position in shares of Amdocs during the third quarter valued at about $39,000. Finally, Advisory Services Network LLC bought a new position in shares of Amdocs during the third quarter valued at about $42,000. 92.02% of the stock is currently owned by institutional investors.

Amdocs Stock Down 0.9%

Shares of NASDAQ:DOX opened at $55.90 on Tuesday. Amdocs Limited has a 1 year low of $55.27 and a 1 year high of $95.41. The company has a market cap of $6.03 billion, a PE ratio of 11.18, a P/E/G ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50-day moving average is $62.97 and its 200 day moving average is $70.57.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $1.78 EPS. Amdocs’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is currently 45.60%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DOX shares. Cfra cut Amdocs to a “sell” rating in a research note on Thursday, May 14th. Stifel Nicolaus reduced their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Finally, Wall Street Zen cut Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.67.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.