Amdocs Limited (DOX) Stake Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,188 shares of the technology company’s stock after selling 12,300 shares during the quarter. Fisher Asset Management LLC owned about 0.13% of Amdocs worth $12,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in Amdocs in the fourth quarter valued at $246,000. CENTRAL TRUST Co grew its stake in shares of Amdocs by 45.0% in the fourth quarter. CENTRAL TRUST Co now owns 3,388 shares of the technology company’s stock valued at $222,000 after buying an additional 1,052 shares in the last quarter. First Quadrant L P CA grew its stake in shares of Amdocs by 166.2% in the fourth quarter. First Quadrant L P CA now owns 161,274 shares of the technology company’s stock valued at $10,560,000 after buying an additional 100,686 shares in the last quarter. Regentatlantic Capital LLC grew its stake in shares of Amdocs by 4.4% in the fourth quarter. Regentatlantic Capital LLC now owns 34,128 shares of the technology company’s stock valued at $2,235,000 after buying an additional 1,441 shares in the last quarter. Finally, Bowling Portfolio Management LLC grew its stake in shares of Amdocs by 127.7% in the fourth quarter. Bowling Portfolio Management LLC now owns 96,586 shares of the technology company’s stock valued at $6,324,000 after buying an additional 54,167 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

A number of research analysts have commented on the company. Robert W. Baird reaffirmed a “hold” rating and set a $66.00 target price on shares of Amdocs in a report on Friday, October 20th. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Amdocs from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, November 10th. Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus raised their target price on Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Amdocs presently has an average rating of “Hold” and a consensus price target of $70.71.

Amdocs Limited (NASDAQ:DOX) opened at $65.33 on Tuesday. Amdocs Limited has a 1 year low of $58.93 and a 1 year high of $71.37. The stock has a market capitalization of $9,376.02, a price-to-earnings ratio of 21.07, a PEG ratio of 2.22 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $977.70 million for the quarter, compared to analysts’ expectations of $979.13 million. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. research analysts expect that Amdocs Limited will post 3.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This is a positive change from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. Amdocs’s dividend payout ratio (DPR) is currently 28.39%.

Amdocs announced that its board has authorized a stock repurchase program on Wednesday, November 8th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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About Amdocs

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.

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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