Lazard Asset Management LLC Has $12.76 Million Stock Holdings in Amdocs Limited (NASDAQ:DOX)

Lazard Asset Management LLC decreased its position in Amdocs Limited (NASDAQ:DOX) by 6.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,256 shares of the technology company’s stock after selling 9,754 shares during the period. Lazard Asset Management LLC owned approximately 0.12% of Amdocs worth $12,764,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Amdocs during the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new position in Amdocs during the 4th quarter worth about $26,000. Norwood Financial Corp bought a new stake in shares of Amdocs in the first quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new stake in shares of Amdocs in the first quarter valued at about $53,000. Finally, Riverview Trust Co acquired a new position in shares of Amdocs during the first quarter worth about $55,000. Institutional investors own 92.02% of the company’s stock.

Amdocs Stock Up 2.4 %

Shares of NASDAQ:DOX traded up $2.01 during midday trading on Friday, hitting $86.92. The stock had a trading volume of 844,071 shares, compared to its average volume of 673,001. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $79.36 and its 200-day simple moving average is $85.74. Amdocs Limited has a 12 month low of $74.41 and a 12 month high of $96.24. The company has a market cap of $10.22 billion, a P/E ratio of 19.53, a PEG ratio of 1.53 and a beta of 0.74.

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

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, June 28th were paid a $0.479 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.92 dividend on an annualized basis and a yield of 2.20%. Amdocs’s dividend payout ratio (DPR) is currently 43.15%.

Analyst Ratings Changes

Several research firms have commented on DOX. Citigroup cut their target price on Amdocs from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Robert W. Baird decreased their target price on shares of Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Amdocs currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.80.

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.