BlackRock Fund Advisors Has $86,171,000 Position in Amdocs Limited (DOX)
BlackRock Fund Advisors boosted its position in Amdocs Limited (NASDAQ:DOX) by 5.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,489,556 shares of the company’s stock after buying an additional 72,600 shares during the period. BlackRock Fund Advisors’ holdings in Amdocs Limited were worth $86,171,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Amdocs Limited during the second quarter worth $49,667,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Amdocs Limited during the second quarter worth $34,749,000. Wells Fargo & Company MN boosted its stake in Amdocs Limited by 26.9% in the third quarter. Wells Fargo & Company MN now owns 2,198,285 shares of the company’s stock worth $127,170,000 after buying an additional 466,314 shares during the last quarter. Janus Capital Management LLC boosted its stake in Amdocs Limited by 7.1% in the second quarter. Janus Capital Management LLC now owns 5,153,280 shares of the company’s stock worth $297,435,000 after buying an additional 340,241 shares during the last quarter. Finally, Bridgeway Capital Management Inc. bought a new stake in Amdocs Limited during the second quarter worth $17,281,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.
Shares of Amdocs Limited (NASDAQ:DOX) opened at 59.42 on Friday. The stock has a 50 day moving average price of $59.22 and a 200 day moving average price of $58.77. Amdocs Limited has a 12-month low of $50.06 and a 12-month high of $61.33. The firm has a market capitalization of $8.72 billion, a PE ratio of 21.94 and a beta of 0.64.
Amdocs Limited (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.00. The firm earned $940.70 million during the quarter, compared to analyst estimates of $941.19 million. Amdocs Limited had a return on equity of 14.61% and a net margin of 11.01%. Amdocs Limited’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. Analysts predict that Amdocs Limited will post $3.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.31%. The ex-dividend date was Wednesday, December 28th. Amdocs Limited’s dividend payout ratio is currently 28.78%.
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A number of analysts have weighed in on DOX shares. Zacks Investment Research cut Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $65.00 price target on shares of Amdocs Limited in a report on Thursday, December 22nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $63.00 price target on shares of Amdocs Limited in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.33.
About Amdocs Limited
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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