Airain ltd cut its position in shares of Amdocs Limited (NASDAQ:DOX) by 45.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,674 shares of the technology company’s stock after selling 34,661 shares during the period. Airain ltd’s holdings in Amdocs Limited were worth $2,686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOX. Fox Run Management L.L.C. acquired a new position in shares of Amdocs Limited during the second quarter worth about $851,000. KCG Holdings Inc. raised its position in shares of Amdocs Limited by 118.7% in the first quarter. KCG Holdings Inc. now owns 15,275 shares of the technology company’s stock worth $932,000 after buying an additional 8,292 shares during the last quarter. Legal & General Group Plc raised its position in shares of Amdocs Limited by 14.2% in the first quarter. Legal & General Group Plc now owns 635,545 shares of the technology company’s stock worth $38,763,000 after buying an additional 78,796 shares during the last quarter. Bank of America Corp DE raised its position in shares of Amdocs Limited by 12.6% in the first quarter. Bank of America Corp DE now owns 1,318,784 shares of the technology company’s stock worth $80,433,000 after buying an additional 147,542 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Amdocs Limited by 647.3% in the first quarter. Tower Research Capital LLC TRC now owns 4,566 shares of the technology company’s stock worth $278,000 after buying an additional 3,955 shares during the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Amdocs Limited (NASDAQ:DOX) opened at 63.91 on Wednesday. Amdocs Limited has a 12 month low of $54.91 and a 12 month high of $67.98. The firm’s 50 day moving average is $64.97 and its 200-day moving average is $63.03. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 22.26 and a beta of 0.54.

Amdocs Limited (NASDAQ:DOX) last released its earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company had revenue of $967 million for the quarter, compared to analysts’ expectations of $967.04 million. During the same quarter last year, the business earned $0.90 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Amdocs Limited will post $3.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s payout ratio is 30.66%.

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A number of research analysts have issued reports on the stock. Barclays PLC restated a “hold” rating and set a $68.00 target price on shares of Amdocs Limited in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Amdocs Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Amdocs Limited in a research report on Wednesday, June 28th. BidaskClub lowered shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $59.00 target price on shares of Amdocs Limited in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $67.63.

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.

Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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