Fisher Asset Management LLC lowered its position in Amdocs Ltd. (NASDAQ:DOX) by 11.1% during the third quarter, Holdings Channel reports. The firm owned 265,456 shares of the company’s stock after selling 33,042 shares during the period. Fisher Asset Management LLC’s holdings in Amdocs were worth $15,357,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Capital Fund Management S.A. boosted its position in Amdocs by 139.8% in the second quarter. Capital Fund Management S.A. now owns 211,494 shares of the company’s stock worth $12,207,000 after buying an additional 123,308 shares during the period. PGGM Investments boosted its position in shares of Amdocs by 3.6% in the second quarter. PGGM Investments now owns 743,332 shares of the company’s stock valued at $42,905,000 after buying an additional 25,653 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Amdocs by 0.6% in the second quarter. BNP Paribas Arbitrage SA now owns 29,796 shares of the company’s stock valued at $1,720,000 after buying an additional 184 shares during the last quarter. Noesis Capital Mangement Corp boosted its position in shares of Amdocs by 0.3% in the second quarter. Noesis Capital Mangement Corp now owns 131,315 shares of the company’s stock valued at $7,580,000 after buying an additional 415 shares during the last quarter. Finally, Calvert Investment Management Inc. boosted its position in shares of Amdocs by 3.9% in the second quarter. Calvert Investment Management Inc. now owns 8,304 shares of the company’s stock valued at $479,000 after buying an additional 315 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.
Amdocs Ltd. (NASDAQ:DOX) traded up 0.97% during midday trading on Friday, reaching $60.13. 295,739 shares of the company’s stock traded hands. The firm’s 50-day moving average is $58.79 and its 200 day moving average is $58.36. The firm has a market cap of $8.86 billion, a PE ratio of 22.19 and a beta of 0.68. Amdocs Ltd. has a 52-week low of $50.06 and a 52-week high of $61.33.
Amdocs (NASDAQ:DOX) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.00. Amdocs had a net margin of 11.01% and a return on equity of 14.61%. The firm had revenue of $940.70 million for the quarter, compared to analysts’ expectations of $941.19 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that Amdocs Ltd. will post $3.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.30%. Amdocs’s payout ratio is 28.78%.
Several brokerages recently weighed in on DOX. Bank of America Corp. reaffirmed a “buy” rating and issued a $63.00 price target on shares of Amdocs in a research report on Wednesday, November 9th. Jefferies Group raised their price target on shares of Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Amdocs in a research report on Thursday, September 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Amdocs presently has a consensus rating of “Buy” and an average target price of $63.33.
Amdocs Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.