Robeco Institutional Asset Management B.V. decreased its position in shares of Amdocs Limited (NASDAQ:DOX) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,379,562 shares of the technology company’s stock after selling 55,347 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.99% of Amdocs worth $74,651,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Lunia Capital LP bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $20,647,000. FMR LLC raised its stake in shares of Amdocs by 9.3% during the fourth quarter. FMR LLC now owns 18,209,169 shares of the technology company’s stock valued at $1,066,693,000 after acquiring an additional 1,543,698 shares in the last quarter. Norges Bank bought a new stake in shares of Amdocs during the fourth quarter valued at approximately $89,204,000. Beutel Goodman & Co Ltd. increased its holdings in Amdocs by 41.9% during the first quarter. Beutel Goodman & Co Ltd. now owns 2,918,932 shares of the technology company’s stock valued at $118,189,000 after buying an additional 862,601 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in Amdocs by 323.5% during the fourth quarter. Two Sigma Advisers LP now owns 675,087 shares of the technology company’s stock valued at $39,547,000 after buying an additional 515,689 shares during the period. Hedge funds and other institutional investors own 91.56% of the company’s stock.
Several brokerages recently issued reports on DOX. ValuEngine raised shares of Amdocs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Friday, May 17th. BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, May 15th. One equities research 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. The stock has an average rating of “Hold” and a consensus price target of $71.40.
NASDAQ DOX traded down $0.72 on Wednesday, reaching $59.15. 1,065,270 shares of the company’s stock traded hands, compared to its average volume of 1,112,902. The company has a market capitalization of $8.44 billion, a PE ratio of 15.82, a P/E/G ratio of 1.78 and a beta of 0.52. Amdocs Limited has a fifty-two week low of $52.60 and a fifty-two week high of $70.31.
Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, May 14th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Amdocs had a net margin of 8.96% and a return on equity of 15.18%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Amdocs Limited will post 4.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a $0.285 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.93%. Amdocs’s dividend payout ratio (DPR) is currently 30.48%.
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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