Short Interest in Amdocs Limited (DOX) Expands By 50.8%
Amdocs Limited (NASDAQ:DOX) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 5,010,462 shares, a growth of 50.8% from the August 31st total of 3,322,805 shares. Based on an average daily volume of 1,162,262 shares, the short-interest ratio is presently 4.3 days.
Hedge funds have recently modified their holdings of the stock. OLD National Bancorp IN grew its position in Amdocs Limited by 0.6% in the 2nd quarter. OLD National Bancorp IN now owns 4,358 shares of the technology company’s stock worth $281,000 after purchasing an additional 25 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of Amdocs Limited by 1.8% during the 2nd 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. Financial Counselors Inc. lifted its holdings in shares of Amdocs Limited by 1.4% during the 1st quarter. Financial Counselors Inc. now owns 5,127 shares of the technology company’s stock valued at $313,000 after buying an additional 70 shares during the period. Huntington National Bank lifted its holdings in shares of Amdocs Limited by 2.6% during the 2nd 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. Finally, Pzena Investment Management LLC lifted its holdings in shares of Amdocs Limited by 2.2% during the 2nd 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. Institutional investors own 89.30% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Barclays PLC reiterated a “hold” rating and set a $68.00 target price on shares of Amdocs Limited in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Amdocs Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of Amdocs Limited in a research report on Wednesday, June 28th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $77.00 price target (up from $70.00) on shares of Amdocs Limited in a research report on Monday, September 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $66.00 price objective on shares of Amdocs Limited in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $68.50.
Shares of Amdocs Limited (NASDAQ DOX) opened at 65.20 on Wednesday. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 22.71 and a beta of 0.53. The stock has a 50 day moving average price of $63.78 and a 200-day moving average price of $63.72.
Amdocs Limited (NASDAQ:DOX) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The firm 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 firm posted $0.90 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Amdocs Limited will post $3.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.35%. Amdocs Limited’s payout ratio is 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.
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