Daiwa Securities Group Inc. lowered its stake in Amdocs Limited (NASDAQ:DOX) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,887 shares of the technology company’s stock after selling 6,586 shares during the period. Daiwa Securities Group Inc. owned about 0.06% of Amdocs worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Amdocs by 2.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 43,396 shares of the technology company’s stock worth $2,863,000 after buying an additional 1,064 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Amdocs by 6.1% in the 3rd quarter. Bank of Montreal Can now owns 1,025,521 shares of the technology company’s stock worth $67,664,000 after acquiring an additional 59,329 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Amdocs in the 3rd quarter worth approximately $825,000. Seven Eight Capital LP bought a new stake in shares of Amdocs in the 3rd quarter worth approximately $1,643,000. Finally, Strs Ohio lifted its holdings in shares of Amdocs by 14.7% in the 3rd quarter. Strs Ohio now owns 9,283 shares of the technology company’s stock worth $612,000 after acquiring an additional 1,191 shares during the last quarter. 93.23% of the stock is currently owned by institutional investors.
DOX has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated a “hold” rating on shares of Amdocs in a report on Thursday, January 10th. BidaskClub lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research lowered shares of Amdocs from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Finally, TheStreet lowered shares of Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $71.03.
NASDAQ:DOX opened at $55.52 on Tuesday. The stock has a market capitalization of $7.74 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.66 and a beta of 0.53. Amdocs Limited has a 1-year low of $52.60 and a 1-year high of $71.72.
Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.01). Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Amdocs Limited will post 3.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, March 29th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 2.05%. This is an increase from Amdocs’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, March 28th. Amdocs’s dividend payout ratio is 26.74%.
Amdocs Company Profile
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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