Barings LLC held its stake in shares of Amdocs Limited (NASDAQ:DOX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,600 shares of the technology company’s stock at the end of the first quarter. Barings LLC’s holdings in Amdocs Limited were worth $2,781,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in DOX. Norges Bank bought a new position in Amdocs Limited during the fourth quarter worth $101,062,000. Willis Investment Counsel increased its stake in Amdocs Limited by 0.5% in the fourth quarter. Willis Investment Counsel now owns 152,126 shares of the technology company’s stock worth $8,861,000 after buying an additional 816 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in Amdocs Limited by 1.2% in the fourth quarter. United Capital Financial Advisers LLC now owns 47,674 shares of the technology company’s stock worth $2,777,000 after buying an additional 546 shares in the last quarter. Denver Investment Advisors LLC bought a new position in shares of Amdocs Limited during the fourth quarter valued at $1,282,000. Finally, Guggenheim Capital LLC boosted its position in shares of Amdocs Limited by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 53,931 shares of the technology company’s stock valued at $3,143,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.
Amdocs Limited (NASDAQ DOX) traded up 0.25% during midday trading on Wednesday, hitting $64.95. The stock had a trading volume of 150,059 shares. The firm has a 50-day moving average of $64.51 and a 200 day moving average of $61.38. Amdocs Limited has a 52-week low of $54.91 and a 52-week high of $66.48. The firm has a market capitalization of $9.51 billion, a P/E ratio of 23.54 and a beta of 0.54.
Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $966 million during the quarter, compared to analysts’ expectations of $960.58 million. Amdocs Limited had a net margin of 10.84% and a return on equity of 14.46%. Amdocs Limited’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. On average, equities analysts forecast that Amdocs Limited will post $3.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, June 28th. Amdocs Limited’s dividend payout ratio is currently 31.88%.
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DOX has been the subject of several research analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and set a $68.00 price objective on shares of Amdocs Limited in a research note on Tuesday, May 9th. Robert W. Baird lifted their price target on Amdocs Limited from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Zacks Investment Research downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $59.00 price target on shares of Amdocs Limited in a report on Friday, June 16th. Finally, BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Amdocs Limited presently has an average rating of “Hold” and an average price target of $66.50.
About Amdocs Limited
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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