12,844 Shares in Amdocs Limited $DOX Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new stake in Amdocs Limited (NASDAQ:DOX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,844 shares of the technology company’s stock, valued at approximately $838,000.

Other large investors also recently bought and sold shares of the company. WealthCollab LLC raised its position in 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 in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Amdocs during the fourth quarter worth approximately $37,000. Los Angeles Capital Management LLC acquired a new stake in Amdocs in the fourth quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new stake in Amdocs in the third quarter valued at approximately $42,000. Finally, CIBC Private Wealth Group LLC raised its stake in Amdocs by 190.2% in the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

DOX has been the topic of a number of research reports. Stifel Nicolaus lowered their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Cfra cut shares of 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 report on Friday, May 8th. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Finally, KeyCorp assumed coverage on Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating on the stock. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.67.

Amdocs Stock Performance

Shares of DOX stock opened at $52.63 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 52 week low of $49.79 and a 52 week high of $90.29. The company has a market cap of $5.68 billion, a PE ratio of 10.53, a P/E/G ratio of 0.92 and a beta of 0.41. The company’s fifty day simple moving average is $56.61 and its 200-day simple moving average is $66.21.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $1.78 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 annualized dividend and a yield of 4.3%. Amdocs’s payout ratio is presently 45.60%.

Amdocs Company Profile

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.