Daiwa Securities Group Inc. lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 18.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,828 shares of the technology company’s stock after selling 14,059 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Amdocs were worth $3,454,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in DOX. BTIM Corp. raised its holdings in Amdocs by 8.3% in the fourth quarter. BTIM Corp. now owns 223,891 shares of the technology company’s stock worth $13,115,000 after purchasing an additional 17,172 shares in the last quarter. Brinker Capital Inc. grew its stake in shares of Amdocs by 7.7% in the fourth quarter. Brinker Capital Inc. now owns 6,358 shares of the technology company’s stock worth $373,000 after acquiring an additional 452 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Amdocs by 1,045.4% in the fourth quarter. Two Sigma Investments LP now owns 470,563 shares of the technology company’s stock worth $27,566,000 after acquiring an additional 429,481 shares during the last quarter. Lunia Capital LP purchased a new stake in shares of Amdocs in the fourth quarter worth $20,647,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Amdocs in the fourth quarter worth $756,000. Institutional investors own 93.02% of the company’s stock.
Shares of Amdocs stock traded down $0.12 during trading on Wednesday, hitting $60.83. 1,020,100 shares of the company’s stock traded hands, compared to its average volume of 1,122,769. Amdocs Limited has a 1 year low of $52.60 and a 1 year high of $70.31. The stock has a market capitalization of $8.54 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.79 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, May 14th. The technology company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.03 by $0.03. Amdocs had a return on equity of 15.18% and a net margin of 8.96%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $0.95 earnings per share. Amdocs’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Amdocs Limited will post 4.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.14 annualized dividend and a dividend yield of 1.87%. Amdocs’s dividend payout ratio (DPR) is presently 30.48%.
DOX has been the topic of a number of recent research reports. BidaskClub cut Amdocs from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. ValuEngine cut Amdocs from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. cut their target price on Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Amdocs currently has an average rating of “Hold” and a consensus target price of $71.40.
Amdocs Company Profile
Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.
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