Westwood Holdings Group Inc. lowered its stake in Amdocs Limited (NASDAQ:DOX) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,242,241 shares of the technology company’s stock after selling 33,258 shares during the period. Amdocs makes up approximately 1.1% of Westwood Holdings Group Inc.’s holdings, making the stock its 23rd biggest position. Westwood Holdings Group Inc. owned about 1.56% of Amdocs worth $146,823,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Delpha Capital Management LLC bought a new stake in shares of Amdocs in the 4th quarter valued at approximately $109,000. Focused Wealth Management Inc bought a new stake in Amdocs during the 4th quarter worth approximately $157,000. American International Group Inc. bought a new stake in Amdocs during the 4th quarter worth approximately $199,000. CENTRAL TRUST Co grew its position in Amdocs by 45.0% during the 4th quarter. CENTRAL TRUST Co now owns 3,388 shares of the technology company’s stock worth $222,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Amdocs during the 4th quarter worth approximately $246,000. 93.46% of the stock is owned by institutional investors.
Shares of NASDAQ DOX traded down $1.32 during mid-day trading on Friday, hitting $65.59. The company had a trading volume of 407,115 shares, compared to its average volume of 691,985. The stock has a market capitalization of $9,596.43, a price-to-earnings ratio of 18.48, a PEG ratio of 2.27 and a beta of 0.54. Amdocs Limited has a one year low of $60.30 and a one year high of $71.72.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The company had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $979.13 million. During the same quarter last year, the company earned $0.90 EPS. Amdocs’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Amdocs Limited will post 3.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.52%. Amdocs’s dividend payout ratio (DPR) is 28.17%.
DOX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Amdocs from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Jefferies Group raised Amdocs from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $71.37 to $60.20 in a report on Monday, March 19th. ValuEngine raised Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised Amdocs from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 18th. Finally, Oppenheimer reissued a “buy” rating and issued a $77.00 price target on shares of Amdocs in a research note on Thursday, December 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Amdocs presently has a consensus rating of “Hold” and a consensus target price of $69.74.
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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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