TD Asset Management Inc Boosts Position in Amdocs Limited $DOX

TD Asset Management Inc increased its stake in Amdocs Limited (NASDAQ:DOX) by 24.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,587 shares of the technology company’s stock after buying an additional 32,391 shares during the period. TD Asset Management Inc owned 0.15% of Amdocs worth $13,090,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DOX. LSV Asset Management increased its position in Amdocs by 7.6% during the 3rd quarter. LSV Asset Management now owns 3,648,703 shares of the technology company’s stock valued at $299,376,000 after purchasing an additional 257,193 shares during the period. Illinois Municipal Retirement Fund increased its position in Amdocs by 46.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 149,539 shares of the technology company’s stock valued at $12,270,000 after purchasing an additional 47,537 shares during the period. Alps Advisors Inc. increased its position in Amdocs by 11.6% during the 3rd quarter. Alps Advisors Inc. now owns 237,883 shares of the technology company’s stock valued at $19,518,000 after purchasing an additional 24,771 shares during the period. Versor Investments LP purchased a new position in Amdocs during the 3rd quarter valued at about $1,182,000. Finally, TABR Capital Management LLC purchased a new position in Amdocs during the 4th quarter valued at about $2,398,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Amdocs Stock Performance

Shares of DOX stock opened at $58.34 on Tuesday. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.04 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. The business has a fifty day moving average of $63.82 and a 200 day moving average of $71.24. Amdocs Limited has a 1 year low of $58.21 and a 1 year high of $95.41.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts expect that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. Amdocs’s payout ratio is presently 45.60%.

Wall Street Analyst Weigh In

DOX has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Amdocs in a research report on Friday, May 8th. Cfra downgraded shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stifel Nicolaus cut their price objective 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. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.67.

Amdocs 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.