Amdocs Limited $DOX Stock: Robeco Institutional Asset Management B.V. Decreases Stake

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 6.1% in the third quarter, Holdings Channel.com reports. The fund owned 753,848 shares of the technology company’s stock after selling 49,266 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Amdocs were worth $43,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its holdings in Amdocs by 5.4% in the first quarter. Pzena Investment Management LLC now owns 12,681,089 shares of the technology company’s stock valued at $827,568,000 after acquiring an additional 644,074 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Amdocs by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after buying an additional 571,036 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Amdocs by 29.1% in the first quarter. Bank of America Corp DE now owns 1,262,263 shares of the technology company’s stock worth $82,375,000 after acquiring an additional 284,435 shares during the last quarter. Renaissance Technologies LLC increased its stake in Amdocs by 429.6% during the 1st quarter. Renaissance Technologies LLC now owns 291,800 shares of the technology company’s stock valued at $19,043,000 after purchasing an additional 236,700 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Amdocs by 152.3% in the 2nd quarter. Tidal Investments LLC now owns 272,345 shares of the technology company’s stock worth $13,764,000 after purchasing an additional 164,415 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOX. KeyCorp started coverage on shares of Amdocs in a report on Monday, June 29th. They set a “sector weight” rating on the stock. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings cut shares of Amdocs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.67.

Amdocs Trading Up 3.2%

Shares of NASDAQ:DOX opened at $63.57 on Friday. The stock’s 50-day simple moving average is $60.24 and its two-hundred day simple moving average is $59.12. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.99 and a beta of 0.44. Amdocs Limited has a 52-week low of $49.74 and a 52-week high of $85.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, hitting the consensus estimate of $1.84. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 EPS. Analysts expect that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.5690 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Amdocs’s payout ratio is presently 54.29%.

Amdocs Profile

Amdocs Ltd. (NASDAQ: DOX) is a global provider of software and technology services for communications, media and entertainment companies. Its solutions help service providers manage customer relationships, billing, subscriptions, product offerings and digital experiences across consumer and enterprise markets.

The company’s portfolio includes business support systems and operational support systems, cloud-based software, artificial intelligence and automation tools, network and service management platforms, and solutions for media distribution and monetization.