Amdocs Limited (DOX) Position Cut by WESPAC Advisors SoCal LLC
WESPAC Advisors SoCal LLC reduced its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,192 shares of the technology company’s stock after selling 949 shares during the period. Amdocs Limited makes up 2.3% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 24th largest position. WESPAC Advisors SoCal LLC’s holdings in Amdocs Limited were worth $3,622,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in Amdocs Limited during the 2nd quarter valued at about $851,000. KCG Holdings Inc. increased its position in Amdocs Limited by 118.7% during the 1st quarter. KCG Holdings Inc. now owns 15,275 shares of the technology company’s stock valued at $932,000 after buying an additional 8,292 shares in the last quarter. Legal & General Group Plc increased its position in Amdocs Limited by 14.2% during the 1st quarter. Legal & General Group Plc now owns 635,545 shares of the technology company’s stock valued at $38,763,000 after buying an additional 78,796 shares in the last quarter. Bank of America Corp DE increased its position in Amdocs Limited by 12.6% during the 1st quarter. Bank of America Corp DE now owns 1,318,784 shares of the technology company’s stock valued at $80,433,000 after buying an additional 147,542 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Amdocs Limited by 647.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,566 shares of the technology company’s stock valued at $278,000 after buying an additional 3,955 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.
Shares of Amdocs Limited (NASDAQ:DOX) traded down 0.14% on Thursday, hitting $63.58. The stock had a trading volume of 112,176 shares. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 22.15 and a beta of 0.53. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.98. The stock has a 50 day moving average price of $64.12 and a 200-day moving average price of $63.51.
Amdocs Limited (NASDAQ:DOX) last posted its earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The business had revenue of $967.00 million for the quarter, compared to analysts’ expectations of $967.04 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Amdocs Limited will post $3.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s dividend payout ratio (DPR) is currently 30.66%.
DOX has been the topic of several recent analyst reports. Zacks Investment Research lowered Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised Amdocs Limited from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price objective (up from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. Robert W. Baird reissued a “hold” rating and issued a $66.00 price objective on shares of Amdocs Limited in a report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $59.00 price objective on shares of Amdocs Limited in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Amdocs Limited has an average rating of “Hold” and a consensus price target of $68.50.
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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