Pacer Advisors Inc. Invests $25.51 Million in Amdocs Limited $DOX

Pacer Advisors Inc. purchased a new stake in shares of Amdocs Limited (NASDAQ:DOX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 316,809 shares of the technology company’s stock, valued at approximately $25,506,000. Pacer Advisors Inc. owned 0.29% of Amdocs at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC grew its position in shares of Amdocs by 82.6% in the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after buying an additional 5,443,766 shares during the last quarter. LSV Asset Management raised its holdings in shares of Amdocs by 0.8% during the fourth quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock valued at $296,159,000 after acquiring an additional 29,829 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Amdocs by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,165,988 shares of the technology company’s stock worth $253,786,000 after acquiring an additional 54,676 shares during the period. Wellington Management Group LLP lifted its stake in Amdocs by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,151,532 shares of the technology company’s stock worth $258,583,000 after acquiring an additional 91,900 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Amdocs by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,066,444 shares of the technology company’s stock valued at $251,602,000 after acquiring an additional 9,207 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Cfra cut shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus decreased their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company 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. Based on data from MarketBeat.com, Amdocs has an average rating of “Hold” and an average target price of $86.67.

Amdocs Stock Performance

NASDAQ DOX opened at $51.47 on Friday. The firm has a market capitalization of $5.56 billion, a PE ratio of 10.29, a P/E/G ratio of 0.89 and a beta of 0.38. The stock’s 50 day moving average is $61.95 and its 200 day moving average is $69.98. Amdocs Limited has a twelve month low of $51.23 and a twelve month high of $95.41. 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 (NASDAQ:DOX) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.569 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is 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.