Renaissance Technologies LLC reduced its position in Amdocs Limited (NASDAQ:DOX) by 14.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,800 shares of the technology company’s stock after selling 75,100 shares during the quarter. Renaissance Technologies LLC owned 0.30% of Amdocs Limited worth $28,156,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Amdocs Limited by 45.0% in the 2nd quarter. Advisor Group Inc. now owns 7,605 shares of the technology company’s stock worth $489,000 after purchasing an additional 2,360 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Amdocs Limited by 65.9% in the 2nd quarter. Quantbot Technologies LP now owns 13,627 shares of the technology company’s stock worth $878,000 after purchasing an additional 5,413 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Amdocs Limited by 4.4% in the 2nd quarter. California Public Employees Retirement System now owns 328,100 shares of the technology company’s stock worth $21,149,000 after purchasing an additional 13,700 shares in the last quarter. FIL Ltd boosted its holdings in shares of Amdocs Limited by 157.9% in the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock worth $266,696,000 after purchasing an additional 2,532,928 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Amdocs Limited by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after purchasing an additional 1,722,080 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.
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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price objective on shares of Amdocs Limited in a report on Thursday, October 12th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $77.00 price target on shares of Amdocs Limited in a research note on Wednesday, September 27th. BidaskClub upgraded Amdocs Limited from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Amdocs Limited in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Amdocs Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.88.
Shares of Amdocs Limited (NASDAQ DOX) opened at 65.61 on Tuesday. The firm’s 50-day moving average price is $64.36 and its 200-day moving average price is $63.91. The company has a market capitalization of $9.54 billion, a PE ratio of 22.85 and a beta of 0.53. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The firm had revenue of $967.00 million during the quarter, compared to the consensus estimate of $967.04 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that Amdocs Limited will post $3.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.34%. Amdocs Limited’s dividend payout ratio (DPR) is presently 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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