Pacer Advisors Inc. Invests $25.51 Million in Amdocs Limited $DOX

Pacer Advisors Inc. purchased a new position in Amdocs Limited (NASDAQ:DOX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 316,809 shares of the technology company’s stock, valued at approximately $25,506,000.

A number of other large investors have also added to or reduced their stakes in DOX. Scotia Capital Inc. raised its stake in Amdocs by 3.5% during the third quarter. Scotia Capital Inc. now owns 4,289 shares of the technology company’s stock valued at $352,000 after buying an additional 145 shares during the last quarter. WealthCollab LLC grew its stake in shares of Amdocs by 94.5% in the third quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after acquiring an additional 173 shares during the last quarter. Rossby Financial LCC increased its holdings in shares of Amdocs by 39.3% during the third quarter. Rossby Financial LCC now owns 620 shares of the technology company’s stock valued at $50,000 after acquiring an additional 175 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Amdocs by 5.5% during the third quarter. Blair William & Co. IL now owns 3,393 shares of the technology company’s stock valued at $278,000 after acquiring an additional 177 shares in the last quarter. Finally, Two Point Capital Management Inc. raised its position in shares of Amdocs by 0.7% in the 4th quarter. Two Point Capital Management Inc. now owns 28,978 shares of the technology company’s stock worth $2,333,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of NASDAQ:DOX opened at $51.47 on Friday. The company has a market cap of $5.56 billion, a P/E ratio of 10.29, a PEG ratio of 0.89 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 $51.23 and a 1 year high of $95.41. The stock’s fifty day moving average price is $61.95 and its 200-day moving average price is $69.98.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $1.78 earnings per share. Amdocs’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Dividend Announcement

The business 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 45.60%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Stifel Nicolaus decreased their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.67.

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.