Macquarie Group Ltd. continued to hold its stake in shares of Amdocs Limited (NASDAQ:DOX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,019 shares of the technology company’s stock at the close of the second quarter. Macquarie Group Ltd. owned approximately 0.08% of Amdocs Limited worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. OLD National Bancorp IN lifted its position in Amdocs Limited by 0.6% during the second quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock valued at $281,000 after buying an additional 25 shares during the period. CWA Asset Management Group LLC lifted its position in Amdocs Limited by 1.8% during the second quarter. CWA Asset Management Group LLC now owns 3,536 shares of the technology company’s stock valued at $228,000 after buying an additional 61 shares during the period. Huntington National Bank lifted its position in Amdocs Limited by 2.6% during the second quarter. Huntington National Bank now owns 4,565 shares of the technology company’s stock valued at $295,000 after buying an additional 117 shares during the period. Pzena Investment Management LLC lifted its position in Amdocs Limited by 2.2% during the second quarter. Pzena Investment Management LLC now owns 5,778 shares of the technology company’s stock valued at $372,000 after buying an additional 127 shares during the period. Finally, Financial Counselors Inc. lifted its position in Amdocs Limited by 3.5% during the second quarter. Financial Counselors Inc. now owns 5,306 shares of the technology company’s stock valued at $342,000 after buying an additional 179 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Zacks Investment Research raised Amdocs Limited from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, August 4th. Barclays PLC reissued a “hold” rating and set a $68.00 price objective on shares of Amdocs Limited in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $77.00 price objective (up previously from $70.00) on shares of Amdocs Limited in a research report on Monday, September 18th. BidaskClub raised Amdocs Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 price target on shares of Amdocs Limited in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.88.

Amdocs Limited (NASDAQ DOX) opened at 65.61 on Tuesday. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 22.85 and a beta of 0.53. The stock has a 50 day moving average price of $64.36 and a 200 day moving average price of $63.91. Amdocs Limited has a 52-week low of $54.91 and a 52-week high of $67.98.

Amdocs Limited (NASDAQ:DOX) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Amdocs Limited had a return on equity of 14.75% and a net margin of 11.11%. The company had revenue of $967.00 million for the quarter, compared to the consensus estimate of $967.04 million. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts expect that Amdocs Limited will post $3.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 28th. Amdocs Limited’s payout ratio is currently 30.66%.

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Amdocs Limited Company Profile

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.

Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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