Aperio Group LLC grew its position in Amdocs Limited (NASDAQ:DOX) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 927,835 shares of the technology company’s stock after acquiring an additional 100,145 shares during the quarter. Aperio Group LLC owned about 0.64% of Amdocs Limited worth $59,678,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BB&T Investment Services Inc. bought a new position in shares of Amdocs Limited in the second quarter worth about $118,000. Acrospire Investment Management LLC bought a new position in Amdocs Limited during the 2nd quarter worth about $155,000. Robecosam AG grew its holdings in Amdocs Limited by 37.8% during the 2nd quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock worth $163,000 after acquiring an additional 700 shares in the last quarter. Atria Investments LLC bought a new position in Amdocs Limited during the 2nd quarter worth about $218,000. Finally, Sawtooth Solutions LLC bought a new position in Amdocs Limited during the 2nd quarter worth about $220,000. 91.22% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on DOX. BidaskClub upgraded shares of Amdocs Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC restated a “hold” rating and issued a $68.00 price target on shares of Amdocs Limited in a report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, August 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Amdocs Limited in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Amdocs Limited currently has a consensus rating of “Hold” and an average price target of $70.29.
Amdocs Limited (DOX) traded up $0.52 during trading on Friday, reaching $62.52. 2,153,800 shares of the company were exchanged, compared to its average volume of 679,689. Amdocs Limited has a 1 year low of $56.10 and a 1 year high of $67.98. The firm has a market cap of $9,012.01, a PE ratio of 17.51, a P/E/G ratio of 2.12 and a beta of 0.53.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Amdocs Limited had a net margin of 11.30% and a return on equity of 14.81%. The firm had revenue of $979.70 million for the quarter, compared to analysts’ expectations of $977.72 million. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Amdocs Limited will post 3.81 EPS for the current fiscal year.
Amdocs Limited declared that its board has approved a stock repurchase program on Wednesday, November 8th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.41%. Amdocs Limited’s dividend payout ratio (DPR) is presently 29.73%.
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Amdocs Limited Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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