Amdocs Limited $DOX Stock Position Lifted by Clearbridge Investments LLC

Clearbridge Investments LLC raised its holdings in Amdocs Limited (NASDAQ:DOX) by 26.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 989,594 shares of the technology company’s stock after acquiring an additional 206,304 shares during the quarter. Clearbridge Investments LLC’s holdings in Amdocs were worth $79,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DOX. Pzena Investment Management LLC lifted its stake in Amdocs by 82.6% in the fourth quarter. Pzena Investment Management LLC now owns 12,037,015 shares of the technology company’s stock valued at $969,100,000 after acquiring an additional 5,443,766 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Amdocs by 32.1% in the third quarter. Alliancebernstein L.P. now owns 2,359,779 shares of the technology company’s stock valued at $193,620,000 after acquiring an additional 573,349 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Amdocs by 500.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 420,000 shares of the technology company’s stock valued at $34,461,000 after acquiring an additional 350,000 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in Amdocs in the fourth quarter valued at approximately $24,272,000. Finally, AQR Capital Management LLC lifted its stake in Amdocs by 25.9% in the third quarter. AQR Capital Management LLC now owns 1,368,944 shares of the technology company’s stock valued at $111,309,000 after acquiring an additional 281,476 shares during the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DOX. Wall Street Zen cut shares of Amdocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Stifel Nicolaus reduced their target price on shares of Amdocs from $88.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amdocs in a research note on Friday, May 8th. Finally, Cfra cut shares of Amdocs to a “sell” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.67.

Amdocs Price Performance

Shares of Amdocs stock opened at $58.34 on Tuesday. The firm has a fifty day simple moving average of $63.82 and a 200-day simple moving average of $71.24. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs Limited has a 1-year low of $58.21 and a 1-year high of $95.41. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.04 and a beta of 0.38.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Amdocs had a net margin of 11.81% and a return on equity of 19.77%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Amdocs’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Amdocs Limited will post 6.56 earnings per share for the current year.

Amdocs Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.569 dividend. This represents a $2.28 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Amdocs’s payout ratio is 45.60%.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.