Illinois Municipal Retirement Fund Sells 16,185 Shares of Amdocs Limited (NASDAQ:DOX)


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Illinois Municipal Retirement Fund lessened its stake in Amdocs Limited (NASDAQ:DOX) by 32.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 33,952 shares of the technology company’s stock after selling 16,185 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Amdocs were worth $2,382,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in shares of Amdocs by 24.3% in the first quarter. AE Wealth Management LLC now owns 28,135 shares of the technology company’s stock valued at $1,974,000 after buying an additional 5,503 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Amdocs by 1,130.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 180,940 shares of the technology company’s stock worth $12,758,000 after buying an additional 166,240 shares in the last quarter. Parallel Advisors LLC grew its stake in Amdocs by 14.1% during the first quarter. Parallel Advisors LLC now owns 8,035 shares of the technology company’s stock worth $564,000 after buying an additional 993 shares in the last quarter. Strs Ohio grew its stake in Amdocs by 4.0% during the first quarter. Strs Ohio now owns 32,008 shares of the technology company’s stock worth $2,245,000 after buying an additional 1,217 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Amdocs during the first quarter worth about $210,000. Institutional investors own 88.95% of the company’s stock.

NASDAQ:DOX opened at $77.43 on Tuesday. The firm’s 50 day simple moving average is $77.03 and its 200 day simple moving average is $70.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 1.71. Amdocs Limited has a one year low of $54.68 and a one year high of $82.38. The company has a market cap of $10.15 billion, a PE ratio of 20.93, a P/E/G ratio of 1.85 and a beta of 0.76.

Amdocs (NASDAQ:DOX) last posted its earnings results on Monday, February 1st. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.14 by $0.02. Amdocs had a net margin of 11.94% and a return on equity of 15.57%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $1.06 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Amdocs Limited will post 4.45 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer restated a “buy” rating on shares of Amdocs in a research note on Friday, April 9th. Citigroup raised their price target on shares of Amdocs from $82.00 to $87.00 in a research note on Wednesday, February 3rd.

Amdocs Profile

Amdocs Ltd. is a holding company, which engages in the provision of software and services solutions for communications, entertainment, and media industries. It specializes in the development, implementation, and management of software and services associate with business support systems, operational support systems, service-driven network and other network solutions, entertainment offerings, and digital solutions.

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Institutional Ownership by Quarter for Amdocs (NASDAQ:DOX)

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