Amdocs Limited (DOX) Shares Sold by Jane Street Group LLC
Jane Street Group LLC cut its position in Amdocs Limited (NASDAQ:DOX) by 52.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,732 shares of the technology company’s stock after selling 27,011 shares during the period. Jane Street Group LLC’s holdings in Amdocs were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in Amdocs during the second quarter worth approximately $419,000. Victory Capital Management Inc. lifted its position in Amdocs by 21.3% during the second quarter. Victory Capital Management Inc. now owns 38,676 shares of the technology company’s stock worth $2,493,000 after buying an additional 6,783 shares in the last quarter. Caxton Associates LP purchased a new position in Amdocs during the second quarter worth approximately $748,000. Seven Eight Capital LP lifted its position in Amdocs by 46.4% during the second quarter. Seven Eight Capital LP now owns 39,100 shares of the technology company’s stock worth $2,520,000 after buying an additional 12,400 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in 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 buying an additional 266,473 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amdocs Limited (NASDAQ DOX) opened at $65.15 on Monday. Amdocs Limited has a 1 year low of $56.10 and a 1 year high of $67.98. The company has a market capitalization of $9,469.88, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. The company had revenue of $979.70 million for the quarter, compared to the consensus estimate of $977.72 million. Amdocs had a return on equity of 14.77% and a net margin of 11.30%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. analysts forecast that Amdocs Limited will post 3.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be issued a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.35%. Amdocs’s dividend payout ratio is presently 29.73%.
Amdocs announced that its board has initiated a stock buyback plan on Wednesday, November 8th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
DOX has been the topic of a number of research analyst reports. Robert W. Baird restated a “hold” rating and issued a $66.00 target price on shares of Amdocs in a research report on Friday, October 20th. Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research report on Wednesday, September 27th. BidaskClub downgraded Amdocs from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Amdocs from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, November 10th. Finally, Jefferies Group restated a “hold” rating and issued a $70.00 target price on shares of Amdocs in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.29.
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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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