Dimensional Fund Advisors LP increased its position in Amdocs Ltd. (NASDAQ:DOX) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,458 shares of the company’s stock after buying an additional 23,146 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Amdocs worth $40,019,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in DOX. Emerald Acquisition Ltd. acquired a new stake in Amdocs during the second quarter worth approximately $50,006,000. Bank of Montreal Can acquired a new stake in Amdocs during the second quarter worth approximately $49,667,000. Wellington Management Group LLP increased its stake in Amdocs by 48.3% in the first quarter. Wellington Management Group LLP now owns 1,876,826 shares of the company’s stock worth $113,397,000 after buying an additional 610,839 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Amdocs during the second quarter worth approximately $34,749,000. Finally, Boston Partners increased its stake in Amdocs by 7.5% in the second quarter. Boston Partners now owns 6,827,727 shares of the company’s stock worth $394,096,000 after buying an additional 476,604 shares in the last quarter. 89.57% of the stock is currently owned by institutional investors.
Shares of Amdocs Ltd. (NASDAQ:DOX) opened at 59.27 on Monday. Amdocs Ltd. has a 12-month low of $50.06 and a 12-month high of $61.33. The company has a 50 day moving average price of $59.40 and a 200 day moving average price of $58.23. The stock has a market cap of $8.76 billion, a P/E ratio of 22.32 and a beta of 0.73.
Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, July 26th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $930 million for the quarter, compared to analysts’ expectations of $928.81 million. Amdocs had a return on equity of 14.59% and a net margin of 10.93%. Amdocs’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Analysts anticipate that Amdocs Ltd. will post $3.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, September 28th. Amdocs’s dividend payout ratio (DPR) is presently 29.32%.
DOX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Amdocs from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, July 5th. Jefferies Group lifted their target price on Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, July 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $65.00 target price on shares of Amdocs in a research report on Wednesday, July 27th. Citigroup Inc. lifted their target price on Amdocs from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on Amdocs from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.13.
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.
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