LSV Asset Management increased its position in shares of Amdocs Ltd. (NASDAQ:DOX) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,582,300 shares of the company’s stock after buying an additional 17,500 shares during the period. LSV Asset Management’s holdings in Amdocs were worth $91,536,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Amdocs by 1.6% in the second quarter. FMR LLC now owns 10,173,823 shares of the company’s stock valued at $587,233,000 after buying an additional 163,400 shares during the last quarter. Boston Partners increased its stake in shares of Amdocs by 7.5% in the second quarter. Boston Partners now owns 6,827,727 shares of the company’s stock valued at $394,096,000 after buying an additional 476,604 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Amdocs by 7.1% in the second quarter. Janus Capital Management LLC now owns 5,153,280 shares of the company’s stock valued at $297,435,000 after buying an additional 340,241 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Amdocs by 11.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,569,000 shares of the company’s stock valued at $148,283,000 after buying an additional 260,425 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Amdocs by 26.9% in the third quarter. Wells Fargo & Company MN now owns 2,198,285 shares of the company’s stock valued at $127,170,000 after buying an additional 466,314 shares during the last quarter. 88.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amdocs Ltd. (NASDAQ:DOX) opened at 60.48 on Tuesday. Amdocs Ltd. has a 12 month low of $50.06 and a 12 month high of $61.33. The firm has a 50 day moving average price of $58.83 and a 200-day moving average price of $58.39. The company has a market cap of $8.91 billion, a P/E ratio of 22.32 and a beta of 0.68.
Amdocs (NASDAQ:DOX) last released its earnings results 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. The business had revenue of $940.70 million for the quarter, compared to the consensus estimate of $941.19 million. Amdocs had a return on equity of 14.61% and a net margin of 11.01%. Amdocs’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. Analysts anticipate that Amdocs Ltd. will post $3.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors 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 1.29%. Amdocs’s dividend payout ratio is currently 28.78%.
Several analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $65.00 target price on shares of Amdocs in a research note on Monday, August 8th. Jefferies Group increased their target price on Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Finally, Bank of America Corp. restated a “buy” rating and set a $63.00 target price on shares of Amdocs in a research note on Wednesday, November 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average 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.