Amdocs Limited $DOX Holdings Increased by CI Investments Inc.

CI Investments Inc. lifted its stake in Amdocs Limited (NASDAQ:DOX) by 160.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,322 shares of the technology company’s stock after acquiring an additional 50,670 shares during the period. CI Investments Inc.’s holdings in Amdocs were worth $5,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DOX. WealthCollab LLC increased its stake in shares of Amdocs by 94.5% during the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock valued at $29,000 after acquiring an additional 173 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Amdocs during the 4th quarter valued at $37,000. Los Angeles Capital Management LLC bought a new position in Amdocs during the 4th quarter valued at $39,000. Advisory Services Network LLC acquired a new position in shares of Amdocs during the 3rd quarter valued at $42,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Amdocs by 190.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock valued at $49,000 after purchasing an additional 390 shares during the period. 92.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DOX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. KeyCorp began coverage on Amdocs in a report on Monday, June 29th. They set a “sector weight” rating on the stock. Stifel Nicolaus cut their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Amdocs presently has a consensus rating of “Hold” and a consensus target price of $86.67.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $50.85 on Friday. The company’s fifty day moving average is $55.81 and its two-hundred day moving average is $65.29. The company has a market cap of $5.49 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.89 and a beta of 0.41. Amdocs Limited has a 12-month low of $49.74 and a 12-month high of $90.29. 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 results on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. Equities analysts expect that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a yield of 4.5%. Amdocs’s dividend payout ratio (DPR) 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.