Rice Hall James & Associates LLC Decreases Position in Amdocs Limited $DOX

Rice Hall James & Associates LLC cut its stake in Amdocs Limited (NASDAQ:DOX) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,022 shares of the technology company’s stock after selling 9,265 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Amdocs were worth $18,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its stake in Amdocs by 469.4% in the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock valued at $43,787,000 after buying an additional 448,358 shares in the last quarter. Strategic Global Advisors LLC lifted its stake in Amdocs by 41.8% in the 4th quarter. Strategic Global Advisors LLC now owns 49,858 shares of the technology company’s stock valued at $4,014,000 after buying an additional 14,700 shares in the last quarter. USS Investment Management Ltd lifted its stake in Amdocs by 5.4% in the 4th quarter. USS Investment Management Ltd now owns 26,091 shares of the technology company’s stock valued at $2,101,000 after buying an additional 1,330 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in Amdocs by 4.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 29,942 shares of the technology company’s stock valued at $2,411,000 after buying an additional 1,350 shares in the last quarter. Finally, Entropy Technologies LP lifted its stake in Amdocs by 120.9% in the 4th quarter. Entropy Technologies LP now owns 26,261 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 14,374 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DOX shares. Stifel Nicolaus decreased their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cfra lowered shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.67.

Amdocs Trading Down 0.9%

DOX opened at $55.90 on Tuesday. The company’s 50 day simple moving average is $62.97 and its two-hundred day simple moving average is $70.57. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. Amdocs Limited has a 1-year low of $55.27 and a 1-year high of $95.41.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 EPS. Analysts expect that Amdocs Limited will post 6.56 EPS for the current fiscal year.

Amdocs Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.569 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.1%. Amdocs’s dividend payout ratio (DPR) is currently 45.60%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.