Dynamic Capital Management Ltd acquired a new position in shares of Amdocs Limited (NASDAQ:DOX) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,139 shares of the technology company’s stock, valued at approximately $319,000. Amdocs comprises about 1.6% of Dynamic Capital Management Ltd’s holdings, making the stock its 24th largest position.
Several other hedge funds have also recently added to or reduced their stakes in DOX. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Amdocs during the 2nd quarter valued at about $47,000. Morgan Dempsey Capital Management LLC grew its stake in Amdocs by 110.0% during the second quarter. Morgan Dempsey Capital Management LLC now owns 905 shares of the technology company’s stock worth $56,000 after buying an additional 474 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Amdocs during the second quarter worth about $60,000. CENTRAL TRUST Co grew its stake in Amdocs by 56.2% during the second quarter. CENTRAL TRUST Co now owns 1,098 shares of the technology company’s stock worth $69,000 after buying an additional 395 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Amdocs during the second quarter worth about $73,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
Amdocs stock traded up $0.25 during mid-day trading on Friday, hitting $66.43. 4,526 shares of the stock were exchanged, compared to its average volume of 559,646. Amdocs Limited has a 12 month low of $52.60 and a 12 month high of $67.57. The firm’s fifty day simple moving average is $64.18 and its two-hundred day simple moving average is $59.51. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.92 and a beta of 0.40.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Amdocs had a net margin of 9.90% and a return on equity of 15.70%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. On average, analysts forecast that Amdocs Limited will post 4.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, September 27th. Amdocs’s payout ratio is currently 30.48%.
A number of equities research analysts have issued reports on DOX shares. TheStreet upgraded shares of Amdocs from a “c+” rating to a “b-” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. raised their price target on shares of Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. BidaskClub upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. Finally, Zacks Investment Research lowered shares of Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.00.
Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.
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