Bank of New York Mellon Corp lowered its position in Amdocs Limited (NASDAQ:DOX) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,491 shares of the technology company’s stock after selling 41,297 shares during the quarter. Bank of New York Mellon Corp owned 0.32% of Amdocs worth $30,088,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of DOX. Victory Capital Management Inc. lifted its holdings in Amdocs by 35.0% in the 3rd quarter. Victory Capital Management Inc. now owns 52,212 shares of the technology company’s stock worth $3,358,000 after buying an additional 13,536 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Amdocs in the 3rd quarter valued at about $11,934,000. Sei Investments Co. raised its stake in shares of Amdocs by 35.6% in the 3rd quarter. Sei Investments Co. now owns 99,892 shares of the technology company’s stock valued at $6,426,000 after purchasing an additional 26,202 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Amdocs by 49.2% in the 3rd quarter. New York State Common Retirement Fund now owns 739,279 shares of the technology company’s stock valued at $47,550,000 after purchasing an additional 243,679 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Amdocs by 78.5% in the 3rd quarter. Advisor Group Inc. now owns 13,577 shares of the technology company’s stock valued at $872,000 after purchasing an additional 5,972 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
A number of brokerages have recently issued reports on DOX. Zacks Investment Research upgraded shares of Amdocs from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Tuesday, April 3rd. BidaskClub upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Stifel Nicolaus upped their target price on shares of Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group upgraded shares of Amdocs from a “hold” rating to a “buy” rating and cut their target price for the company from $71.37 to $60.20 in a research note on Monday, March 19th. Finally, Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.74.
DOX traded down $1.32 on Friday, hitting $65.59. 407,115 shares of the company’s stock were exchanged, compared to its average volume of 691,985. The firm has a market cap of $9,407.11, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. Amdocs Limited has a twelve month low of $60.30 and a twelve month high of $71.72.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $977.70 million for the quarter, compared to analyst estimates of $979.13 million. Amdocs had a net margin of 11.72% and a return on equity of 15.13%. Amdocs’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. equities analysts anticipate that Amdocs Limited will post 3.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be paid a dividend of $0.25 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 1.52%. Amdocs’s dividend payout ratio is 28.17%.
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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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