LSV Asset Management Boosts Position in Amdocs Limited $DOX

LSV Asset Management raised its stake in shares of Amdocs Limited (NASDAQ:DOX) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,678,532 shares of the technology company’s stock after buying an additional 29,829 shares during the quarter. LSV Asset Management’s holdings in Amdocs were worth $296,159,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Amundi grew its holdings in shares of Amdocs by 73.0% during the first quarter. Amundi now owns 13,778 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 5,816 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Amdocs by 458.3% during the first quarter. Millennium Management LLC now owns 67,047 shares of the technology company’s stock worth $6,135,000 after purchasing an additional 55,038 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Amdocs by 12.6% during the first quarter. Goldman Sachs Group Inc. now owns 331,146 shares of the technology company’s stock worth $30,300,000 after purchasing an additional 37,087 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Amdocs by 12.0% during the first quarter. Empowered Funds LLC now owns 15,979 shares of the technology company’s stock worth $1,462,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Amdocs by 195.4% during the first quarter. Jane Street Group LLC now owns 115,929 shares of the technology company’s stock worth $10,608,000 after purchasing an additional 76,683 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DOX. Cfra lowered Amdocs to a “sell” rating in a report on Thursday, May 14th. Barclays cut their price objective on Amdocs from $111.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Finally, Stifel Nicolaus cut their price objective on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Three investment 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. According to data from MarketBeat, Amdocs currently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Stock Performance

NASDAQ:DOX opened at $62.66 on Friday. The business has a 50 day moving average of $64.64 and a 200 day moving average of $72.79. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.96 and a beta of 0.40. Amdocs Limited has a 1-year low of $59.40 and a 1-year high of $95.41. 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 earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.Amdocs’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS. On average, sell-side analysts predict that Amdocs Limited will post 7.41 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.569 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a yield of 3.6%. Amdocs’s payout ratio is presently 45.60%.

Amdocs 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.