Wellington Management Group LLP Has $21.13 Million Stock Holdings in Amdocs Limited $DOX

Wellington Management Group LLP trimmed its holdings in Amdocs Limited (NASDAQ:DOX) by 80.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,090 shares of the technology company’s stock after selling 1,761,763 shares during the quarter. Wellington Management Group LLP owned 0.39% of Amdocs worth $21,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DOX. Pzena Investment Management LLC boosted its stake in Amdocs by 5.4% during the first quarter. Pzena Investment Management LLC now owns 12,681,089 shares of the technology company’s stock worth $827,568,000 after buying an additional 644,074 shares in the last quarter. LSV Asset Management boosted its holdings in Amdocs by 0.8% in the fourth quarter. LSV Asset Management now owns 3,678,532 shares of the technology company’s stock valued at $296,159,000 after acquiring an additional 29,829 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Amdocs by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,463,797 shares of the technology company’s stock valued at $226,045,000 after acquiring an additional 571,036 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Amdocs by 2.8% during the fourth quarter. Brandes Investment Partners LP now owns 2,714,965 shares of the technology company’s stock worth $218,583,000 after purchasing an additional 74,244 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of Amdocs by 155.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,110,393 shares of the technology company’s stock valued at $169,908,000 after acquiring an additional 1,283,231 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOX. Stifel Nicolaus lowered their price objective on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Cfra lowered shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a report on Wednesday, August 5th. KeyCorp assumed coverage on shares of Amdocs in a research note on Monday, June 29th. They issued a “sector weight” rating for the company. Finally, Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.67.

Amdocs Stock Performance

Shares of NASDAQ DOX opened at $62.21 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.72 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.08 and a beta of 0.42. Amdocs Limited has a 12 month low of $49.74 and a 12 month high of $86.14. The stock has a 50 day moving average of $56.22 and a 200-day moving average of $60.87.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.84. Amdocs had a return on equity of 20.28% and a net margin of 9.75%.The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $1.72 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Amdocs Limited will post 6.56 EPS for the current year.

Amdocs Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.7%. Amdocs’s payout ratio is presently 54.29%.

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.