Amdocs Sees Unusually Large Options Volume (DOX)
Amdocs Limited (NASDAQ:DOX) was the target of unusually large options trading activity on Wednesday. Stock investors bought 693 call options on the company. This is an increase of 1,138% compared to the typical volume of 56 call options.
Several institutional investors have recently added to or reduced their stakes in DOX. Janus Henderson Group PLC lifted its holdings in shares of Amdocs by 105,711.6% in the 2nd quarter. Janus Henderson Group PLC now owns 7,431,146 shares of the technology company’s stock worth $479,012,000 after acquiring an additional 7,424,123 shares during the last quarter. FIL Ltd lifted its holdings in shares of Amdocs by 157.9% in the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock worth $266,696,000 after acquiring an additional 2,532,928 shares during the last quarter. FMR LLC lifted its holdings in shares of Amdocs by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock worth $924,507,000 after acquiring an additional 1,722,080 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Amdocs in the 3rd quarter worth about $29,105,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Amdocs by 17.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,780,570 shares of the technology company’s stock worth $116,592,000 after acquiring an additional 264,046 shares during the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.
Amdocs (NASDAQ DOX) opened at $69.61 on Friday. Amdocs has a 52 week low of $56.10 and a 52 week high of $69.61. The company has a market cap of $10,020.00, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.53.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were issued a $0.22 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.26%. Amdocs’s dividend payout ratio (DPR) is presently 29.73%.
Amdocs announced that its board has initiated a stock buyback program on Wednesday, November 8th that permits the company to repurchase $800.00 million in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
A number of equities analysts have commented on the stock. Oppenheimer reissued a “buy” rating and issued a $77.00 price objective on shares of Amdocs in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a research note on Thursday, October 12th. 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. Amdocs currently has a consensus rating of “Hold” and an average 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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