Amdocs Limited (DOX) Shares Sold by Allianz Asset Management GmbH
Allianz Asset Management GmbH lowered its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 768,775 shares of the technology company’s stock after selling 113,985 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.53% of Amdocs worth $49,447,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in DOX. Janus Henderson Group PLC grew its position in shares of Amdocs by 105,711.6% during the second quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock worth $479,012,000 after purchasing an additional 7,424,123 shares in the last quarter. FIL Ltd grew its position in shares of Amdocs by 157.9% during the second quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock worth $266,696,000 after purchasing an additional 2,532,928 shares in the last quarter. FMR LLC grew its position in shares of Amdocs by 13.6% during the second quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after purchasing an additional 1,722,080 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Amdocs during the third quarter worth about $29,105,000. Finally, Wells Fargo & Company MN grew its position in shares of Amdocs by 6.0% during the second quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock worth $302,057,000 after purchasing an additional 266,473 shares in the last quarter. Hedge funds and other institutional investors own 93.25% of the company’s stock.
Several equities analysts have weighed in on DOX shares. BidaskClub cut Amdocs from a “sell” rating to a “strong sell” rating in a report on Saturday, September 16th. Zacks Investment Research cut Amdocs from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Jefferies Group restated a “hold” rating and set a $70.00 price target on shares of Amdocs in a report on Thursday, October 12th. Robert W. Baird restated a “hold” rating and set a $66.00 price target on shares of Amdocs in a report on Friday, September 1st. Finally, Oppenheimer restated a “buy” rating and set a $77.00 price target on shares of Amdocs in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $70.29.
Amdocs Limited (NASDAQ DOX) opened at $64.59 on Thursday. The firm has a market capitalization of $9,482.96, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52. Amdocs Limited has a 1-year low of $56.10 and a 1-year high of $67.98.
Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. The business had revenue of $979.70 million during the quarter, compared to analysts’ expectations of $977.72 million. Amdocs had a return on equity of 14.77% and a net margin of 11.30%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. analysts forecast that Amdocs Limited will post 3.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 28th. Amdocs’s payout ratio is 29.73%.
Amdocs announced that its board has initiated a stock repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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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