Bridges Investment Management Inc. trimmed its stake in shares of Amdocs Limited (NASDAQ:DOX) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,397 shares of the technology company’s stock after selling 17,910 shares during the period. Bridges Investment Management Inc.’s holdings in Amdocs were worth $1,256,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. GQ Asset Management LLC acquired a new stake in Amdocs in the 4th quarter valued at $156,000. Standard Life Aberdeen plc increased its stake in Amdocs by 6.0% in the 4th quarter. Standard Life Aberdeen plc now owns 89,228 shares of the technology company’s stock valued at $6,441,000 after buying an additional 5,011 shares during the last quarter. Man Group plc increased its stake in Amdocs by 115.9% in the 4th quarter. Man Group plc now owns 230,932 shares of the technology company’s stock valued at $16,671,000 after buying an additional 123,971 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Amdocs by 14.5% in the 4th quarter. Advisors Asset Management Inc. now owns 27,394 shares of the technology company’s stock valued at $1,978,000 after buying an additional 3,463 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Amdocs by 2.1% in the 4th quarter. AQR Capital Management LLC now owns 2,697,508 shares of the technology company’s stock valued at $194,733,000 after acquiring an additional 55,375 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.
DOX has been the subject of a number of analyst reports. BidaskClub downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a research report on Friday, March 20th. Robert W. Baird lifted their price objective on shares of Amdocs from $69.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. ValuEngine raised shares of Amdocs from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Oppenheimer lifted their price objective on shares of Amdocs from to and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Citigroup lifted their price objective on shares of Amdocs from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Amdocs has a consensus rating of “Hold” and an average target price of $76.00.
Shares of DOX stock opened at $51.68 on Thursday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.44 and a beta of 0.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50-day simple moving average of $65.10 and a 200 day simple moving average of $68.03. Amdocs Limited has a 52 week low of $44.05 and a 52 week high of $77.29.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Amdocs had a net margin of 11.99% and a return on equity of 16.13%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Sell-side analysts forecast that Amdocs Limited will post 4.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 31st will be given a dividend of $0.327 per share. This represents a $1.31 dividend on an annualized basis and a yield of 2.53%. This is a boost from Amdocs’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 30th. Amdocs’s dividend payout ratio is currently 28.01%.
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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