Amdocs Limited (DOX) Stake Boosted by NGAM Advisors L.P.
NGAM Advisors L.P. increased its stake in Amdocs Limited (NASDAQ:DOX) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 52,201 shares of the technology company’s stock after buying an additional 739 shares during the period. NGAM Advisors L.P.’s holdings in Amdocs Limited were worth $3,364,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Amdocs Limited by 12.8% in the first quarter. FMR LLC now owns 12,620,266 shares of the technology company’s stock valued at $769,710,000 after buying an additional 1,435,539 shares during the last quarter. BlackRock Inc. raised its stake in shares of Amdocs Limited by 1,661.3% in the first quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock valued at $531,590,000 after buying an additional 8,221,139 shares during the last quarter. Boston Partners raised its stake in shares of Amdocs Limited by 9.7% in the first quarter. Boston Partners now owns 7,464,464 shares of the technology company’s stock valued at $455,257,000 after buying an additional 661,397 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of Amdocs Limited by 9.7% in the first quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock valued at $412,250,000 after buying an additional 599,865 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of Amdocs Limited by 8.2% in the first quarter. OppenheimerFunds Inc. now owns 4,451,655 shares of the technology company’s stock valued at $271,507,000 after buying an additional 337,655 shares during the last quarter. 89.97% of the stock is owned by institutional investors.
Amdocs Limited (DOX) opened at 65.51 on Thursday. The firm has a 50-day moving average of $65.42 and a 200-day moving average of $62.69. Amdocs Limited has a 52-week low of $54.91 and a 52-week high of $67.98. The firm has a market cap of $9.56 billion, a PE ratio of 22.76 and a beta of 0.54.
Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.73% and a net margin of 11.11%. The firm had revenue of $967 million for the quarter, compared to analyst estimates of $967.04 million. During the same period last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Amdocs Limited will post $3.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s payout ratio is 30.66%.
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DOX has been the subject of several recent analyst reports. J P Morgan Chase & Co reissued a “neutral” rating and issued a $68.00 price target on shares of Amdocs Limited in a report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 target price (up previously from $68.00) on shares of Amdocs Limited in a research note on Thursday, August 3rd. Robert W. Baird lifted their target price on shares of Amdocs Limited from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Zacks Investment Research cut shares of Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Amdocs Limited in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Amdocs Limited has a consensus rating of “Hold” and a consensus price target 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.
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