SG Americas Securities LLC trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX) by 72.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,139 shares of the technology company’s stock after selling 59,517 shares during the period. SG Americas Securities LLC’s holdings in Amdocs were worth $1,527,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in DOX. BNP Paribas Arbitrage SA grew its holdings in shares of Amdocs by 102.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,212 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Amdocs by 8.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 11,650 shares of the technology company’s stock worth $771,000 after acquiring an additional 944 shares during the period. First Trust Advisors LP grew its holdings in shares of Amdocs by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 409,261 shares of the technology company’s stock worth $27,089,000 after acquiring an additional 11,404 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Amdocs by 13.3% in the 2nd quarter. Victory Capital Management Inc. now owns 80,260 shares of the technology company’s stock worth $5,312,000 after acquiring an additional 9,398 shares during the period. Finally, Boston Financial Mangement LLC grew its holdings in shares of Amdocs by 3.4% in the 2nd quarter. Boston Financial Mangement LLC now owns 115,568 shares of the technology company’s stock worth $7,649,000 after acquiring an additional 3,804 shares during the period. Institutional investors own 91.15% of the company’s stock.
NASDAQ:DOX opened at $63.80 on Wednesday. Amdocs Limited has a 12 month low of $60.50 and a 12 month high of $71.72. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.97 and a beta of 0.51.
Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, November 8th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. Amdocs had a net margin of 8.92% and a return on equity of 15.06%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts anticipate that Amdocs Limited will post 3.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. Amdocs’s dividend payout ratio is presently 26.74%.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Amdocs from a “sell” rating to a “hold” rating in a report on Monday, August 20th. BidaskClub cut Amdocs from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, TheStreet cut Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $72.60.
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Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.
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