Hixon Zuercher LLC Grows Stake in Amdocs Limited $DOX

Hixon Zuercher LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 31.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,507 shares of the technology company’s stock after purchasing an additional 10,134 shares during the period. Hixon Zuercher LLC’s holdings in Amdocs were worth $2,774,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DOX. Pzena Investment Management LLC grew its holdings in Amdocs by 82.6% during the fourth quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock valued at $969,100,000 after purchasing an additional 5,443,766 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Amdocs by 155.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock valued at $169,908,000 after buying an additional 1,283,231 shares during the period. Alliancebernstein L.P. lifted its position in shares of Amdocs by 32.1% during the 3rd quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock valued at $193,620,000 after buying an additional 573,349 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Amdocs by 24.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,892,761 shares of the technology company’s stock valued at $232,903,000 after buying an additional 560,380 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Amdocs by 469.4% during the 4th quarter. Squarepoint Ops LLC now owns 543,875 shares of the technology company’s stock worth $43,787,000 after acquiring an additional 448,358 shares during the period. Institutional investors own 92.02% of the company’s stock.

Analyst Ratings Changes

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

Amdocs Trading Up 1.3%

Shares of Amdocs stock opened at $52.35 on Wednesday. The company’s 50-day moving average price is $61.48 and its 200-day moving average price is $69.61. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 12-month low of $49.90 and a 12-month high of $95.41. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.90 and a beta of 0.38.

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

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.569 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is 45.60%.

Amdocs Company Profile

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.