Glen Harbor Capital Management LLC Increases Position in Amdocs Limited (DOX)

Share on StockTwits

Glen Harbor Capital Management LLC raised its holdings in Amdocs Limited (NASDAQ:DOX) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,896 shares of the technology company’s stock after purchasing an additional 12,002 shares during the period. Glen Harbor Capital Management LLC’s holdings in Amdocs were worth $8,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intrepid Capital Management Inc. boosted its holdings in Amdocs by 3.0% in the 2nd quarter. Intrepid Capital Management Inc. now owns 332,326 shares of the technology company’s stock valued at $21,997,000 after purchasing an additional 9,689 shares during the period. Burney Co. boosted its holdings in Amdocs by 4.3% in the 2nd quarter. Burney Co. now owns 144,279 shares of the technology company’s stock valued at $9,550,000 after purchasing an additional 5,951 shares during the period. Commonwealth Bank of Australia boosted its holdings in Amdocs by 15.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 14,546 shares of the technology company’s stock valued at $959,000 after purchasing an additional 1,900 shares during the period. ClariVest Asset Management LLC boosted its holdings in Amdocs by 48.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 450,532 shares of the technology company’s stock valued at $29,821,000 after purchasing an additional 146,257 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Amdocs by 33.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 8,558 shares of the technology company’s stock valued at $566,000 after purchasing an additional 2,133 shares during the period. 91.23% of the stock is owned by hedge funds and other institutional investors.

DOX has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Zacks Investment Research downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Barclays set a $73.00 price target on shares of Amdocs and gave the stock a “hold” rating in a report on Wednesday, August 1st. Robert W. Baird reaffirmed a “hold” rating and set a $72.00 price target on shares of Amdocs in a report on Thursday, August 2nd. Finally, Citigroup cut their price target on shares of Amdocs from $79.00 to $77.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Amdocs has an average rating of “Hold” and an average target price of $72.60.

Shares of Amdocs stock opened at $64.70 on Friday. Amdocs Limited has a 1-year low of $61.00 and a 1-year high of $71.72. The company has a market cap of $9.33 billion, a PE ratio of 18.23, a PEG ratio of 2.04 and a beta of 0.51.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, July 31st. The technology company reported $0.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.97. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.01 billion. Amdocs had a net margin of 10.56% and a return on equity of 15.00%. research analysts forecast that Amdocs Limited will post 3.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, September 27th. Amdocs’s payout ratio is 28.17%.

Amdocs Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

See Also: What are the Benefits of Index Funds?

Want to see what other hedge funds are holding DOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amdocs Limited (NASDAQ:DOX).

Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply