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Palm Valley Capital Management, an investment management firm, identified Amdocs Limited (NASDAQ: DOX) as a key contributor to its fund's performance in the third quarter of 2026.
The firm's investor letter for the "Palm Valley Capital Fund" noted that Amdocs shares partially rebounded after what the letter described as a "SaaSpocalypse" earlier in the year.
Alongside Kelly Services (ticker: KELYA) and ManpowerGroup (ticker: MAN), Amdocs was among the three positions that contributed most to the fund's return during the period.
The fund's overall performance in the quarter was positive, with the Palm Valley Capital Fund gaining 1.61%.
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