Reported about 13 hours ago
Amdocs Limited (NASDAQ:DOX), a software and services provider, saw its stock decline by 1.75% over the past month and 6.47% over the previous year, despite continued gains in operating income. The investment firm Palm Valley Capital Fund, in its third quarter investor letter, noted Amdocs as one of its largest holdings, mentioning that the recent decrease in revenue was linked to the strategic exit from low-margin businesses. The letter reaffirmed Amdocs' strong market position and reliable valuation, but highlighted investor concerns regarding recent performance.
Source: YAHOO