Amalgamated Bank Has $911,000 Position in Amdocs Limited (DOX)

Amalgamated Bank lowered its stake in shares of Amdocs Limited (NASDAQ:DOX) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,547 shares of the technology company’s stock after selling 384 shares during the quarter. Amalgamated Bank’s holdings in Amdocs were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in Amdocs in the fourth quarter worth about $25,000. Riverview Trust Co acquired a new position in shares of Amdocs during the fourth quarter valued at about $27,000. Cutler Group LP acquired a new position in shares of Amdocs during the fourth quarter valued at about $55,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Amdocs during the fourth quarter valued at about $58,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Amdocs in the 4th quarter valued at approximately $222,000. 94.36% of the stock is currently owned by institutional investors.

A number of analysts recently commented on DOX shares. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Amdocs in a research note on Thursday, January 10th. BidaskClub lowered shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. ValuEngine downgraded shares of Amdocs from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research lowered shares of Amdocs from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Amdocs currently has a consensus rating of “Hold” and an average price target of $73.20.

Shares of NASDAQ:DOX opened at $55.21 on Friday. Amdocs Limited has a 52-week low of $52.60 and a 52-week high of $70.31. The stock has a market capitalization of $7.60 billion, a PE ratio of 14.76, a PEG ratio of 1.63 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last issued its earnings results on Tuesday, February 5th. The technology company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.06 EPS. Amdocs’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that Amdocs Limited will post 3.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 29th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, March 28th. This is a positive change from Amdocs’s previous quarterly dividend of $0.25. This represents a $1.14 dividend on an annualized basis and a yield of 2.06%. Amdocs’s dividend payout ratio (DPR) is currently 30.48%.

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About Amdocs

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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