CWA Asset Management Group LLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,536 shares of the technology company’s stock after purchasing an additional 61 shares during the period. CWA Asset Management Group LLC’s holdings in Amdocs Limited were worth $228,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in DOX. OLD National Bancorp IN lifted its holdings in Amdocs Limited by 0.6% in the second quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock valued at $281,000 after buying an additional 25 shares during the period. Financial Counselors Inc. lifted its holdings in Amdocs Limited by 1.4% in the first quarter. Financial Counselors Inc. now owns 5,127 shares of the technology company’s stock valued at $313,000 after buying an additional 70 shares during the period. Huntington National Bank lifted its holdings in Amdocs Limited by 2.6% in the second quarter. Huntington National Bank now owns 4,565 shares of the technology company’s stock valued at $295,000 after buying an additional 117 shares during the period. Pzena Investment Management LLC lifted its holdings in Amdocs Limited by 2.2% in the second quarter. Pzena Investment Management LLC now owns 5,778 shares of the technology company’s stock valued at $372,000 after buying an additional 127 shares during the period. Finally, World Asset Management Inc lifted its holdings in Amdocs Limited by 1.3% in the first quarter. World Asset Management Inc now owns 15,496 shares of the technology company’s stock valued at $945,000 after buying an additional 193 shares during the period. Institutional investors own 89.31% of the company’s stock.
Several equities analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $70.00 price objective on shares of Amdocs Limited in a report on Tuesday, September 5th. Robert W. Baird restated a “hold” rating and issued a $66.00 price objective on shares of Amdocs Limited in a report on Friday, September 1st. BidaskClub upgraded shares of Amdocs Limited from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of Amdocs Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC restated a “hold” rating and issued a $68.00 price objective on shares of Amdocs Limited in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.63.
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Shares of Amdocs Limited (NASDAQ:DOX) traded down 0.34% during trading on Wednesday, reaching $63.66. 99,082 shares of the company traded hands. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98. The company has a 50 day moving average price of $64.67 and a 200 day moving average price of $63.41. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 22.17 and a beta of 0.53.
Amdocs Limited (NASDAQ:DOX) last posted its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The firm had revenue of $967.00 million for the quarter, compared to analyst estimates of $967.04 million. During the same period in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Amdocs Limited will post $3.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. Amdocs Limited’s dividend payout ratio (DPR) is currently 30.66%.
About Amdocs Limited
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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