Todd Asset Management LLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,093 shares of the technology company’s stock after selling 1,066 shares during the period. Todd Asset Management LLC owned about 0.21% of Amdocs Limited worth $19,495,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. FMR LLC boosted its position in Amdocs Limited by 13.6% during the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after buying an additional 1,722,080 shares during the period. Janus Henderson Group PLC lifted its position in shares of Amdocs Limited by 105,711.6% in the 2nd quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock worth $479,012,000 after purchasing an additional 7,424,123 shares during the period. Boston Partners lifted its position in shares of Amdocs Limited by 0.4% in the 3rd quarter. Boston Partners now owns 7,139,400 shares of the technology company’s stock worth $459,206,000 after purchasing an additional 27,688 shares during the period. Wells Fargo & Company MN lifted its position in shares of Amdocs Limited by 6.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock worth $302,057,000 after purchasing an additional 266,473 shares during the period. Finally, FIL Ltd lifted its position 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 during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.
Shares of Amdocs Limited (NASDAQ DOX) traded up $0.02 during midday trading on Tuesday, hitting $62.54. 1,109,500 shares of the stock were exchanged, compared to its average volume of 681,652. The firm has a market cap of $9,180.00, a P/E ratio of 17.66, a P/E/G ratio of 2.22 and a beta of 0.53. Amdocs Limited has a 1 year low of $56.10 and a 1 year high of $67.98.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. The company had revenue of $979.70 million during the quarter, compared to analyst estimates of $977.72 million. Amdocs Limited had a net margin of 11.30% and a return on equity of 14.77%. Amdocs Limited’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. analysts predict that Amdocs Limited will post 3.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.41%. Amdocs Limited’s dividend payout ratio is currently 29.73%.
Amdocs Limited announced that its board has authorized a stock repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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A number of research analysts have recently issued reports on DOX shares. BidaskClub downgraded shares of Amdocs Limited from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 16th. Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Amdocs Limited in a research report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $70.00 price target on shares of Amdocs Limited in a research report on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target (up previously from $68.00) on shares of Amdocs Limited in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $70.29.
Amdocs Limited Company 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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