Boston Financial Mangement LLC Increases Stake in Amdocs Limited (DOX)
Boston Financial Mangement LLC grew its position in shares of Amdocs Limited (NASDAQ:DOX) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,036 shares of the technology company’s stock after buying an additional 6,749 shares during the quarter. Boston Financial Mangement LLC owned approximately 0.07% of Amdocs Limited worth $6,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in DOX. BB&T Investment Services Inc. acquired a new stake in shares of Amdocs Limited during the 2nd quarter valued at about $118,000. Acrospire Investment Management LLC acquired a new stake in shares of Amdocs Limited during the 2nd quarter valued at about $155,000. Robecosam AG lifted its holdings in shares of Amdocs Limited by 37.8% during the 2nd quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock valued at $163,000 after buying an additional 700 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Amdocs Limited during the 2nd quarter valued at about $218,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Amdocs Limited during the 1st quarter valued at about $220,000. Institutional investors and hedge funds own 91.05% of the company’s stock.
Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The firm had revenue of $967.00 million during the quarter, compared to analysts’ expectations of $967.04 million. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year.
Several equities research analysts have recently issued reports on DOX shares. Zacks Investment Research lowered Amdocs Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub lowered Amdocs Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, September 16th. Robert W. Baird reiterated a “hold” rating and set a $66.00 price target on shares of Amdocs Limited in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price target on shares of Amdocs Limited in a report on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price target (up from $68.00) on shares of Amdocs Limited in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Amdocs Limited presently has a consensus rating of “Hold” and a consensus target price of $69.88.
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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