Amdocs Limited $DOX Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its stake in shares of Amdocs Limited (NASDAQ:DOX) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 230,022 shares of the technology company’s stock after selling 9,265 shares during the period. Rice Hall James & Associates LLC owned approximately 0.21% of Amdocs worth $18,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOX. Pzena Investment Management LLC grew its position in Amdocs by 82.6% during the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after purchasing an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. grew its position in Amdocs by 155.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock worth $169,908,000 after purchasing an additional 1,283,231 shares during the period. Alliancebernstein L.P. grew its position in Amdocs by 32.1% during the 3rd quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock worth $193,620,000 after purchasing an additional 573,349 shares during the period. Dimensional Fund Advisors LP grew its position in Amdocs by 24.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,892,761 shares of the technology company’s stock worth $232,903,000 after purchasing an additional 560,380 shares during the period. Finally, Squarepoint Ops LLC grew its position in Amdocs by 469.4% during the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock worth $43,787,000 after purchasing an additional 448,358 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOX. Wall Street Zen downgraded Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. 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 note on Thursday, May 14th. Finally, Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Trading Down 0.9%

DOX stock opened at $55.90 on Tuesday. The company’s 50-day simple moving average is $62.97 and its 200-day simple moving average is $70.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 52-week low of $55.27 and a 52-week high of $95.41. The firm has a market cap of $6.03 billion, a P/E ratio of 11.18, a PEG ratio of 0.98 and a beta of 0.38.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 dividend on an annualized basis and a yield of 4.1%. Amdocs’s dividend payout ratio (DPR) is currently 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.