Todd Asset Management LLC cut its holdings in shares of Amdocs Limited (NASDAQ:DOX – Free Report) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,286 shares of the technology company’s stock after selling 131,911 shares during the period. Todd Asset Management LLC owned about 0.33% of Amdocs worth $28,927,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of DOX. Pzena Investment Management LLC grew its position in Amdocs by 82.6% during the 4th quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock worth $969,100,000 after acquiring an additional 5,443,766 shares during the last quarter. Alliancebernstein L.P. grew its position in Amdocs by 32.1% during the 3rd quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock worth $193,620,000 after acquiring an additional 573,349 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Amdocs by 500.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 420,000 shares of the technology company’s stock worth $34,461,000 after acquiring an additional 350,000 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in Amdocs during the 4th quarter worth approximately $24,272,000. Finally, AQR Capital Management LLC grew its position in Amdocs by 25.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,368,944 shares of the technology company’s stock worth $111,309,000 after acquiring an additional 281,476 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors.
Amdocs Price Performance
Shares of DOX opened at $62.66 on Monday. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.96 and a beta of 0.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 0.98. The business’s fifty day moving average price is $64.64 and its two-hundred day moving average price is $72.71. Amdocs Limited has a 52 week low of $59.40 and a 52 week high of $95.41.
Amdocs Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.6%. Amdocs’s dividend payout ratio is 45.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Wall Street Zen lowered Amdocs from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays decreased their price objective on Amdocs from $111.00 to $92.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Cfra lowered 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 research report on Friday, May 8th. Finally, Stifel Nicolaus decreased their price objective on 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Amdocs currently has a consensus rating of “Hold” and a consensus price target of $86.67.
Get Our Latest Stock Analysis on Amdocs
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.
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