Delphi Management Inc. MA Reduces Stake in Amdocs Limited (DOX)
Delphi Management Inc. MA lowered its stake in Amdocs Limited (NASDAQ:DOX) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,362 shares of the technology company’s stock after selling 827 shares during the quarter. Amdocs makes up approximately 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 29th largest position. Delphi Management Inc. MA’s holdings in Amdocs were worth $2,467,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of DOX. Janus Henderson Group PLC lifted its holdings in shares of Amdocs by 105,711.6% in the second 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 raised its holdings in Amdocs by 157.9% in the 2nd quarter. FIL Ltd now owns 4,137,393 shares of the technology company’s stock valued at $266,696,000 after buying an additional 2,532,928 shares during the last quarter. FMR LLC raised its holdings in Amdocs by 13.6% in the 2nd quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after buying an additional 1,722,080 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Amdocs in the 3rd quarter valued at approximately $29,105,000. Finally, Wells Fargo & Company MN raised its holdings in Amdocs by 6.0% in the 2nd quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock valued at $302,057,000 after buying an additional 266,473 shares during the last quarter. 93.25% of the stock is owned by hedge funds and other institutional investors.
Amdocs Limited (NASDAQ:DOX) opened at $64.67 on Thursday. The stock has a market cap of $9,490.00, a P/E ratio of 18.47, a P/E/G ratio of 2.25 and a beta of 0.53. Amdocs Limited has a fifty-two week low of $56.10 and a fifty-two week high of $67.98.
Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The firm had revenue of $979.70 million during the quarter, compared to analyst estimates of $977.72 million. During the same quarter last year, the business earned $0.89 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Amdocs Limited will post 3.72 earnings per share for the current year.
Amdocs declared that its board has initiated a stock repurchase program on Wednesday, November 8th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 1.36%. Amdocs’s payout ratio is 29.53%.
A number of research analysts recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating and issued a $66.00 price objective on shares of Amdocs in a report on Friday, October 20th. Jefferies Group reiterated a “hold” rating and issued a $70.00 price objective on shares of Amdocs in a report on Thursday, October 12th. BidaskClub lowered shares of Amdocs from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Oppenheimer reiterated a “buy” rating and issued a $70.00 price objective on shares of Amdocs in a report on Tuesday, September 5th. Finally, Zacks Investment Research lowered shares of Amdocs from a “buy” rating to a “hold” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Amdocs 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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