Amdocs Limited (DOX) Position Reduced by JPMorgan Chase & Co.

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JPMorgan Chase & Co. trimmed its position in shares of Amdocs Limited (NASDAQ:DOX) by 46.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 107,187 shares of the technology company’s stock after selling 93,940 shares during the quarter. JPMorgan Chase & Co.’s holdings in Amdocs were worth $7,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Amdocs during the 3rd quarter valued at about $124,000. Tower Research Capital LLC TRC boosted its holdings in shares of Amdocs by 490.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,373 shares of the technology company’s stock valued at $289,000 after acquiring an additional 3,633 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Amdocs by 3.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 875,781 shares of the technology company’s stock valued at $57,784,000 after acquiring an additional 31,588 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Amdocs by 16.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,997 shares of the technology company’s stock valued at $2,704,000 after acquiring an additional 5,704 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Amdocs by 97.0% during the 3rd quarter. GSA Capital Partners LLP now owns 38,387 shares of the technology company’s stock valued at $2,533,000 after acquiring an additional 18,899 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors.

DOX has been the topic of a number of research reports. TheStreet downgraded shares of Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. Zacks Investment Research downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a report on Monday, November 19th. BidaskClub downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. set a $70.00 price objective on shares of Amdocs and gave the stock a “hold” rating in a report on Tuesday, December 11th. Finally, ValuEngine downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.03.

DOX opened at $56.31 on Thursday. The company has a market capitalization of $7.83 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.68 and a beta of 0.53. Amdocs Limited has a 12-month low of $52.60 and a 12-month high of $71.72.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Amdocs had a return on equity of 14.75% and a net margin of 8.46%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. As a group, analysts expect that Amdocs Limited will post 3.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.285 per share. This is a boost from Amdocs’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.14 dividend on an annualized basis and a yield of 2.02%. Amdocs’s dividend payout ratio (DPR) is presently 26.74%.

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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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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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