Wasatch Advisors LP Grows Position in Amdocs Limited $DOX

Wasatch Advisors LP raised its holdings in Amdocs Limited (NASDAQ:DOX) by 35.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,757 shares of the technology company’s stock after purchasing an additional 15,655 shares during the period. Wasatch Advisors LP’s holdings in Amdocs were worth $3,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Foster & Motley Inc. boosted its holdings in Amdocs by 9.1% in the 1st quarter. Foster & Motley Inc. now owns 60,604 shares of the technology company’s stock worth $3,955,000 after buying an additional 5,080 shares during the period. Hixon Zuercher LLC lifted its position in shares of Amdocs by 31.3% during the first quarter. Hixon Zuercher LLC now owns 42,507 shares of the technology company’s stock worth $2,774,000 after acquiring an additional 10,134 shares in the last quarter. Steph & Co. boosted its holdings in shares of Amdocs by 242.9% in the first quarter. Steph & Co. now owns 6,618 shares of the technology company’s stock worth $432,000 after acquiring an additional 4,688 shares during the period. SG Americas Securities LLC bought a new position in shares of Amdocs in the first quarter worth $1,471,000. Finally, Diversified Trust Co grew its position in shares of Amdocs by 42.5% in the first quarter. Diversified Trust Co now owns 98,714 shares of the technology company’s stock valued at $6,442,000 after purchasing an additional 29,454 shares in the last quarter. Institutional investors own 92.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DOX shares. Wall Street Zen raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a report on Friday, May 8th. Cfra cut Amdocs to a “sell” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus lowered their price target on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Amdocs currently has an average rating of “Hold” and an average target price of $86.67.

Amdocs Stock Performance

Shares of DOX opened at $51.97 on Friday. Amdocs Limited has a 12-month low of $49.79 and a 12-month high of $93.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.61 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.90 and a beta of 0.38. The stock has a 50-day moving average price of $60.65 and a 200-day moving average price of $69.12.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. Amdocs’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 earnings per share. As a group, equities analysts forecast that Amdocs Limited will post 6.56 earnings per share for the current fiscal year.

Amdocs Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.569 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.4%. Amdocs’s dividend payout ratio is presently 45.60%.

Amdocs Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.