Commerzbank Aktiengesellschaft FI raised its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,389 shares of the technology company’s stock after purchasing an additional 696 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Amdocs Limited were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OLD National Bancorp IN increased its position in shares of Amdocs Limited by 0.6% during the second quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock valued at $281,000 after buying an additional 25 shares during the period. Financial Counselors Inc. increased its position in shares of Amdocs Limited by 1.4% during the first quarter. Financial Counselors Inc. now owns 5,127 shares of the technology company’s stock valued at $313,000 after buying an additional 70 shares during the period. Huntington National Bank increased its position in shares of Amdocs Limited by 2.6% during the second quarter. Huntington National Bank now owns 4,565 shares of the technology company’s stock valued at $295,000 after buying an additional 117 shares during the period. Pzena Investment Management LLC increased its position in shares of Amdocs Limited by 2.2% in the second quarter. Pzena Investment Management LLC now owns 5,778 shares of the technology company’s stock worth $372,000 after purchasing an additional 127 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Amdocs Limited by 1.3% in the first quarter. World Asset Management Inc now owns 15,496 shares of the technology company’s stock worth $945,000 after purchasing an additional 193 shares during the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on DOX. Zacks Investment Research upgraded shares of Amdocs Limited from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, May 22nd. BidaskClub cut shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and set a $59.00 price objective on shares of Amdocs Limited in a research note on Friday, June 16th. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Amdocs Limited in a research note on Wednesday, June 28th. Finally, Barclays PLC reissued a “hold” rating and set a $68.00 price objective on shares of Amdocs Limited in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.63.
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Amdocs Limited (DOX) traded down 1.45% during trading on Friday, reaching $62.49. The company’s stock had a trading volume of 5,138,550 shares. The company has a market capitalization of $9.08 billion, a P/E ratio of 21.77 and a beta of 0.53. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98. The firm’s 50-day moving average price is $64.29 and its 200 day moving average price is $63.44.
Amdocs Limited (NASDAQ:DOX) last issued its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The business had revenue of $967.00 million during the quarter, compared to analysts’ expectations of $967.04 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Amdocs Limited will post $3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is 30.66%.
Amdocs Limited Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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