Amdocs Limited $DOX Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC grew its stake in Amdocs Limited (NASDAQ:DOX) by 5.4% during the first quarter, Holdings Channel.com reports. The fund owned 12,681,089 shares of the technology company’s stock after acquiring an additional 644,074 shares during the period. Amdocs accounts for about 2.7% of Pzena Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. Pzena Investment Management LLC owned 0.12% of Amdocs worth $827,568,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DOX. WealthCollab LLC boosted its position in shares of Amdocs by 94.5% during the 3rd quarter. WealthCollab LLC now owns 356 shares of the technology company’s stock worth $29,000 after purchasing an additional 173 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in Amdocs in the fourth quarter valued at approximately $37,000. Los Angeles Capital Management LLC acquired a new position in Amdocs during the fourth quarter worth $39,000. Advisory Services Network LLC acquired a new position in Amdocs during the third quarter worth $42,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Amdocs by 190.2% during the third quarter. CIBC Private Wealth Group LLC now owns 595 shares of the technology company’s stock worth $49,000 after buying an additional 390 shares during the period. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOX has been the topic of several research analyst reports. KeyCorp started coverage on Amdocs in a report on Monday. They issued a “sector weight” rating on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Stifel Nicolaus dropped their target price on Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.67.

Amdocs Stock Up 1.3%

Amdocs stock opened at $51.18 on Thursday. The firm has a market capitalization of $5.52 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.88 and a beta of 0.42. 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 twelve month low of $49.79 and a twelve month high of $93.44. The stock’s fifty day simple moving average is $59.69 and its 200-day simple moving average is $68.49.

Amdocs (NASDAQ:DOX) last released its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.17 billion. During the same period last year, the business posted $1.78 earnings per share. Amdocs’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.569 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 30th. Amdocs’s dividend payout ratio (DPR) is presently 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.