Zurcher Kantonalbank Zurich Cantonalbank cut its position in Amdocs Limited (NASDAQ:DOX) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,371 shares of the technology company’s stock after selling 7,670 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Amdocs worth $5,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WASHINGTON TRUST Co purchased a new stake in Amdocs during the 1st quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in shares of Amdocs in the 4th quarter valued at about $10,630,000. Rockefeller Capital Management L.P. increased its position in Amdocs by 61.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 630 shares of the technology company’s stock valued at $35,000 after acquiring an additional 239 shares during the period. CWM Advisors LLC acquired a new position in Amdocs in the 1st quarter valued at about $44,000. Finally, CFM Wealth Partners LLC acquired a new position in Amdocs in the 1st quarter valued at about $53,000. 90.52% of the stock is owned by institutional investors and hedge funds.

DOX has been the topic of a number of research reports. ValuEngine cut Amdocs from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. BidaskClub raised Amdocs from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup reduced their price target on Amdocs from $83.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, TheStreet upgraded Amdocs from a “c+” rating to a “b-” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Amdocs currently has a consensus rating of “Hold” and an average price target of $76.40.

Shares of NASDAQ DOX opened at $62.10 on Friday. The stock’s 50 day moving average price is $60.42 and its two-hundred day moving average price is $63.35. Amdocs Limited has a 52-week low of $44.05 and a 52-week high of $77.29. The stock has a market capitalization of $8.20 billion, a P/E ratio of 14.53, a PEG ratio of 1.76 and a beta of 0.69. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.06.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 7th. The technology company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Amdocs had a return on equity of 16.03% and a net margin of 11.98%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 earnings per share. On average, analysts anticipate that Amdocs Limited will post 4.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.327 per share. This represents a $1.31 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, June 29th. Amdocs’s payout ratio is currently 32.19%.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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