Todd Asset Management LLC Has $28.93 Million Stock Position in Amdocs Limited $DOX

Todd Asset Management LLC lowered its stake in Amdocs Limited (NASDAQ:DOX) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 359,286 shares of the technology company’s stock after selling 131,911 shares during the quarter. Todd Asset Management LLC’s holdings in Amdocs were worth $28,927,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Amdocs in the 3rd quarter valued at $26,000. WealthCollab LLC lifted its stake in shares of Amdocs by 94.5% in the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after purchasing an additional 173 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Amdocs in the 3rd quarter valued at $37,000. BOK Financial Private Wealth Inc. acquired a new stake in Amdocs during the 4th quarter worth $37,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Amdocs during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOX. Barclays dropped their price objective on Amdocs from $111.00 to $92.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Wall Street Zen downgraded Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Cfra downgraded Amdocs to a “sell” rating in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Finally, Stifel Nicolaus dropped their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Amdocs currently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Stock Performance

DOX opened at $62.66 on Monday. The business’s 50-day moving average price is $64.64 and its two-hundred day moving average price is $72.71. Amdocs Limited has a 1 year low of $59.40 and a 1 year high of $95.41. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 1.06.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $1.78 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts expect that Amdocs Limited will post 7.41 EPS for the current fiscal year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.569 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.6%. Amdocs’s dividend payout ratio (DPR) is currently 45.60%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.