Victory Capital Management Inc. increased its position in Amdocs Ltd. (NASDAQ:DOX) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,225 shares of the company’s stock after buying an additional 810 shares during the period. Victory Capital Management Inc.’s holdings in Amdocs were worth $879,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in DOX. Norges Bank bought a new position in shares of Amdocs during the fourth quarter worth approximately $93,403,000. Emerald Acquisition Ltd. bought a new position in shares of Amdocs during the second quarter worth approximately $50,006,000. Bank of Montreal Can bought a new position in shares of Amdocs during the second quarter worth approximately $49,667,000. Wellington Management Group LLP boosted its position in shares of 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 during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Amdocs during the second quarter worth approximately $34,749,000. Hedge funds and other institutional investors own 89.63% of the company’s stock.
Amdocs Ltd. (NASDAQ:DOX) traded down 0.95% on Friday, hitting $58.58. The stock had a trading volume of 602,414 shares. Amdocs Ltd. has a 52-week low of $50.06 and a 52-week high of $61.33. The firm’s 50-day moving average is $59.48 and its 200-day moving average is $58.22. The company has a market cap of $8.72 billion, a P/E ratio of 22.15 and a beta of 0.68.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Amdocs had a return on equity of 14.59% and a net margin of 10.93%. The firm earned $930 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Amdocs Ltd. will post $3.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 30th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.78 annualized dividend and a dividend yield of 1.33%. Amdocs’s dividend payout ratio is presently 29.32%.
A number of equities analysts recently issued reports on DOX shares. Citigroup Inc. boosted their price objective on Amdocs from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. boosted their price objective on Amdocs from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Jefferies Group boosted their price objective on Amdocs from $56.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $65.00 price objective on shares of Amdocs in a report on Thursday, September 15th. Finally, Zacks Investment Research raised Amdocs from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Tuesday, July 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Amdocs currently 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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